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.
Are PCN debts allowable debts in Breathing Space?
We've seen there's been questions around Penalty Charge Notices and the validity of these 'debtors' applying for Breathing Space. To explain this clearly, we have included a break down of the regulations below for you:
Stress Awareness Month 2020
We understand that worrying about money and daily tasks can have a negative impact on your mental health & wellbeing; that's why we've used April's Stress Awareness Month to share guidance and advice on how to remain positive when times get hard. If you're struggling with the stresses of everyday life, or struggling with financial worries, take a look at our tips.
COVID-19 Update
To ensure the safety of our staff and customers, our offices have closed but we do have a team working from home who are answering any queries over telephone, email or LiveChat. Our opening hours are now 8:30am - 5:00pm on Mon - Fri.
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