How and when will the Debt Repayment Scheme (“DRS”) cease?
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.
Related questions
What is the Debt Repayment Scheme ("DRS") and when did it start?
What is a Certificate of Inapplicability for Debt Repayment Scheme ("DRS")?
What if I finish repaying my instalments before the end of my Debt Repayment Plan (“DRP”) as a debtor on Debt Repayment Scheme (“DRS”)?
Can I opt out of the Debt Repayment Scheme ("DRS")?
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