Legal News

Breathing Space Scheme Regulations laid for England and Wales

Breathing Space Scheme Regulations laid for England and Wales
Published on: 24 July 2020
Published by: LexisPSL
  • Breathing Space Scheme Regulations laid for England and Wales
  • When will the Regulations come into force and what is their extent?
  • Background and intention of the Regulations
  • Breathing space moratorium
  • Entry
  • Debt advice provider
  • Debt advice provider assessment
  • Creditor notification and rights
  • Timescales and protections
  • Mental health crisis moratorium

Article summary

Restructuring & Insolvency analysis: Steven Wood, insolvency practice support specialist at ICAS takes a look at the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium)(England and Wales) Regulations 2020 (the Regulations), which were laid in draft on 15 July 2020 with a view to implementing the government’s new statutory breathing space scheme in England and Wales. or take a trial to read the full analysis.

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