The Debt Respite Scheme (Breathing Space)
The Debt Respite Scheme (Breathing Space)
There will be two types of schemes:
Standard breathing space
- This will give the customer legal protection for up to 60 days.
Mental health crisis breathing space
- This will last for as long as the customers’ mental health crisis treatment, plus 30 days.
Both schemes will require the services of either a debt advice provider (who is authorised by the Financial Conduct Authority to offer debt counselling) or a local authority (where they provide debt advice to residents).
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If you have any questions regarding the new schemes, please do not hesitate to get in touch with us via the button below.