From today, Tuesday 4 May, The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 come into force, which provides a temporary period of relief from creditors for individuals in England and Wales to help those with problem debt.

Any person who is in debt can seek a moratorium from an approved debt advice provider. There are two types of breathing space that a tenant may enter into. Firstly, a standard breathing space that will last for a maximum of 60 days. Secondly, a mental health crisis breathing space which ends 30 days after the tenant’s treatment finishes.


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