One thing that should be clear to you is that there will be no easy years if you get debt relief. Debt restructuring is not something you should aim for, but it is only something that can help if the problems are far too great. You can expect to live on a minimum of living for the next five years. Any income that exceeds this level will then go towards repaying the debt.
It is your responsibility to pay the debts during this time. Some creditors will help by sending out payment cards, but there are others who do not. What you can then do is contact them to find out how they want to have their money.
The part of the debt that you will pay according to the debt restructuring plan is released from you at the time the plan expires.
Changes to the plan
Then there are things that can change your ability to handle payments according to plan. For example, if you get a better paid job or if you get rid of your job. If you receive less money, you should contact the lender to apply to change the plan.
If you receive more money instead, the creditors may wish to increase the rate of payments. You can also of course increase the rate of payments yourself if you feel that you can handle this. If you or the creditors change the plan, such an application can be submitted to the authority.
A debt restructuring can be canceled if certain conditions are not followed. This is, for example, if you have not repaid what you would do according to the plan. On such occasions, the creditors can apply for the cancellation of debt restructuring. Should such an application go through, you will have full responsibility for repaying the debts covered by the debt relief minus the amount you have already cleared under the plan.
If you have debt relief, it is extra important to plan the economy in a good way. It is important to cope with temporary difficulties in such a correct way that the creditors cannot get the remediation canceled.
Should new loans or other debts arise during the time that a debt restructuring is active, these debts can be recovered while the remediation is active. Therefore, be careful not to incur new debts during this time.