Debt Respite Scheme (Breathing Space)

A Debt Respite Scheme (Breathing Space) can provide you with some much-needed breathing space from the pressure of your creditors.

Breathing Space can give you legal protection for up to 60 days, suspending collections and giving you time to get back on your feet, or to get a longer-term solution in place.

A similar scheme is also available for people suffering with their mental health, which lasts for as long as someone is receiving treatment.

As a government scheme, please note that Breathing Space can only be completed by an FCA approved organisation. You cannot do this if you have entered a Breathing Space scheme within the last 12 months or are currently subject to a DRO, IVA or Bankruptcy.

To consider whether or not this scheme is right for you, please remember that if you do not comply with the conditions set the scheme can be terminated earlier than the 60 day period. Some debts may not also qualify for this scheme.

But why choose  Breathing Space?

Relief from creditor pressure

For up to 60 days, you are protected from creditor enforcement actions, including legal proceedings and debt collection calls. This provides immediate relief from the stress and anxiety associated with aggressive creditor actions.

Time to assess finances

A breathing space scheme gives you time to assess your financial situation without the constant threat of legal action or mounting interest and fees.

Access to professional support

Your representative can help you understand your financial options, negotiate with creditors, and develop a manageable repayment plan.

Prevention of escalating debt

By halting interest and charges on existing debts during the Breathing Space, you can prevent your debts from growing further, improving your ability to pay off your debt.

Breathing Space Scheme considerations

Payments

You are still required to make payments to your creditors during the 60-day period if you can afford to do so.

Short Term

The Breathing Space Scheme is designed to relieve financial pressure but is not a long-term solution to financial difficulties.

Insolvency

You cannot be subject to a formal insolvency procedure such as a Debt Relief Order, Bankruptcy or an Individual Voluntary Arrangement.

Previous Applications

You must not have been in a Breathing Space Scheme in the previous 12 months.

Qualifying Debts

Some debts are not eligible for the scheme such as child maintenance payments, student loans and court fines.

Debt Help UK

  • After receiving our help, a typical customer's debt would benefit from the below.
  • Lower monthly payment
  • Stop Interest & Charges
  • Only 1 monthly payment
  • Stop creditors taking legal action
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