Correspondence
Letter reminding local authorities that the Breathing Space scheme will be introduced in May 2021.
Published 15 December 2020
From:
Ministry of Housing, Communities & Local Government
Applies to:
England
PDF, 112KB, 2 pages
A new statutory Breathing Space scheme, introducing the breathing space moratorium and mental health crisis moratorium, will commence on 4 May 2021. The scheme aims to help people in problem debt to better manage their finances, seek professional debt advice and reach sustainable solutions.
This letter reminds authorities of the upcoming scheme, what their new obligations will be, and outlines the next steps to ensure that they receive notifications from the Insolvency Service.
Published 15 December 2020
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