Additional support for individuals in financial difficulty

Further support has been introduced for individuals who are facing financial difficulties this year – The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020.

The Debt Respite Scheme (Breathing Space) does not come into force until 4 May 2021 and applies to certain debts.

The scheme will give someone in problem debt the right to legal protections from their creditors.

There are two types of breathing space: a standard breathing space and a mental health crisis breathing space.

Guidance for creditors, debt advisers and individuals can be found here:

Debt Respite Scheme (Breathing Space) guidance – GOV.UK (www.gov.uk)