The impending Debt Respite Scheme - Breathing Space Regulations
Breathing Space, Company Blog Dukes Bailiffs Limited Breathing Space, Company Blog Dukes Bailiffs Limited

The impending Debt Respite Scheme - Breathing Space Regulations

The Debt Respite Scheme SI 2020/1311 (Breathing Space) comes into force in England and Wales on 4th May 2021.

It gives individuals with problem debt the right to a statutory respite period, enabling them to work with a debt advisor to find an appropriate long-term debt solution. A welcome development, particularly given the rising numbers of people being negatively impacted financially by the fallout of the Covid-19 pandemic.

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