Chemistry Right For RSK Group’s Acquistion of Newcastle’s Enviresearch
May 14, 2021
A new Debt Respite Scheme, designed to give a debtor with problem debt the right to legal protection from their creditors, is now available.
The new scheme consists of two new types of ‘breathing space’:
Debtors can only access a standard breathing space by seeking debt advice from a qualified debt adviser.
Although all applications must be considered, some advisers might decide a breathing space is not appropriate for a debtor in certain circumstances.
To help businesses understand the impact that this change may have on them and their debtors or creditors, it is highly recommended that they read the Government’s latest, detailed guidance by clicking here.