Protocols

The Standard Debt Settlement Arrangement and Personal Insolvency Arrangement Protocol documents incorporate standard terms which should suit the majority of cases:

Standard DSA Protocol July 2016

Standard PIA Protocol July 2016

 

**Both the Standard Debt Settlement Arrangement and Personal Insolvency Arrangement Protocols were updated on 4 July 2016**

 

The ISI has summarised the changes made to both Protocols below:

Summary of Changes to Protocols July 2016

 

Principles

 

The Principles document below contains the over-arching aims of the both the DSA and PIA Protocol and sets out the high level agreement reached by the Debt Solutions Protocol Steering Group on the issues:

Standard Debt Solutions Protocol Principles March 2015

 

** The Principles document has been updated to refer to the updated Protocols**

 

Case Study

To give an idea of how these documents will work in practice the ISI has populated a Standard Debt Settlement Arrangement and Personal Insolvency Arrangement Proposal:

Frank Fortescue Standard DSA Proposal

Gordon Greene Standard PIA March 15

 

PIA/Bankruptcy Comparison Template

The following PIA/Bankruptcy Comparison template was agreed by the Protocol Oversight Committee.

PIA v Bankruptcy Comparison Template

 

Post Approval Documents

The Debt Solutions Protocol Steering Group also prepared documents which can be used by practitioners post approval of an arrangement.  These include notifications of the results of meetings of creditors, periodic reviews, variations, etc.  While the use of such standard documents is not a requirement, it should bring benefits to both Practitioners and creditors and is strongly encouraged.

Post Approval Documentation PIA

Post Approval Documentation DSA