How and when will the Debt Repayment Scheme (“DRS”) cease?

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Accepted Answer

The DRS can cease in one of the following ways:

1) Upon completion of DRS;
2) Upon failure from the scheme;
3) Upon being issued with a Certificate of Inapplicability when a debtor's liabilities exceed $150,000 after the commencement of his Debt Repayment Plan; and
4) Upon the death of a debtor.

How and when will the Debt Repayment Scheme (“DRS”) cease?

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