Debt Arrangement Schemes

Debt Arrangement Schemes (DAS) are formal plans that help individuals manage and repay unsecured debts over time. They are typically approved by courts or recognized authorities and involve consolidating multiple debts into a single, manageable payment, often at reduced interest rates. This arrangement provides a structured way to clear debts without needing to declare bankruptcy, allowing debtors to regain financial stability. DAS aims to ensure fair treatment for both the debtor and creditors, promoting a transparent, affordable repayment process tailored to the debtor’s ability to pay.