Debt Respite Scheme Archives

Government Announces 2024 Will Be When Those Coming Out of “Breathing Space” Can Take a Statutory Debt Repayment Plan to Stop Further Interest, Charges and Enforcement Action

August 19, 2021

MPs returned to the House of Commons yesterday to discuss the unfolding situation in Afghanistan, however an update on the Gov website reveals it will be 2024 when a change to the Debt Respite Scheme will be coming into play which will offer an alternative solution to people worried about having to go bankrupt to get rid of debts they cannot afford to service. […]

Money Advice Liaison Group (MALG) Guidelines ‘Good Practice Awareness Guidelines for Customers with Mental Health Problems and Debt

April 26, 2021

This is the Money Advice Liaison Group (MALG) Guidelines ‘Good Practice Awareness Guidelines for Customers with Mental Health Problems and Debt’. […]

Bounce Back Loan Scheme: FCA Guidance For Firms On Use Of Pay As You Grow Options

April 26, 2021

This is the FCA guidance for firms on use of the pay as you grow options relating to Bounce Back Loans which some of you may be interested in learning more about. […]

Debt Respite Scheme (Breathing Space) Guidance for Creditors Updated 23 April 2021

April 23, 2021

Discovered this and feel it may be of interest to some of you out there. Be aware that the Debt Respite Scheme (Breathing Space) does not come into force until 4 May 2021 but will give someone in problem debt the right to legal protections from their creditors. […]

Debt Respite Scheme (Breathing Space) Guidance for Money Advisers Updated 23 April 2021

April 23, 2021

The Debt Respite Scheme (Breathing Space) will give someone in problem debt the right to legal protections from creditor action. This guidance is for debt advice providers who want to set up a breathing space for clients to give them time to get advice and find an appropriate debt solution. […]