Breathing Space (Debt Respite Scheme)

If you live in England or Wales, you can get temporary protection from your creditors while you get debt advice and make a plan. This scheme is called ‘Breathing Space’. You can get temporary protection for up to 60 days. You’ll still need to make your debt repayments.
If you get it:

• enforcement action cannot be taken against you
• your creditors cannot contact you about debts included in your Breathing Space
• your creditors cannot add interest or charges to your debt

If you’re getting mental health crisis treatment, your protection from creditors will be longer. It will last for the length of your treatment, plus another 30 days.

Tags: financial problems, money problems, money troubles