What is Breathing Space?
Need time to consider which route is best for you to deal with your debts?
- This solution does not deal with your debts and once over you will need to choose a solution to resolve your debts permanently.
So what exactly is Breathing Space?
Breathing Space, also known as The Debt Respite Scheme or The Breathing Space Scheme allows you to take a break from interest, fees and court action for up to 60 days.
In Scotland the similar action would be a Moratorium which can last six months.
Breathing Space is not a debt solution but more a tool to allow you time to be fully informed and prepared for a debt solution.
Sounds like something that could help? Speak with our team to discuss how you would submit your application to the Insolvency Service.
