Debt Recovery Guidance for council tax, business rates and sundry debts
10. Breathing Space
Breathing Space, the Government's new debt respite scheme was introduced 4 May 2021 to give those facing financial difficulties space to receive debt advice, or mental health crisis treatment, without pressure from creditors or mounting debts.
Under the scheme, people will be given legal protections from their creditors for 60 days, with most interest and penalty charges frozen, and enforcement action halted. They will also receive professional debt advice to design a plan which helps to get their finances back on track.
And recognising the link between problem debt and mental health issues, these protections will be available for people in mental health crisis treatment - for the full duration of their crisis treatment plus another 30 days.
As with all creditors, Great Yarmouth Borough Council follows guidance issued by the Insolvency Service Debt Respite Scheme (Breathing Space) - guidance for creditors in the administration of this scheme.
