Government launches debt breathing space scheme

Released 04 May 2021

The Government has launched a new debt respite scheme, which will give legal protection from creditors, including HMRC, for 60 days.

Under the scheme, people will be given legal protections from their creditors for 60 days, with most interest and penalty charges frozen, and enforcement action halted. They will also receive professional debt advice to design a plan which helps to get their finances back on track.

Further details can be found at https://www.gov.uk/government/news/new-scheme-to-give-people-in-problem-debt-breathing-space-launched.

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