Breathing Space is a new initiative to allow those in problem debt- those who cannot, or are unlikely to be able to repay their debts- the right to legal protection from their creditors by entering into a “breathing space”.

Breathing space lasts for a period of 60 days (with a review after 30 days) and is designed to give debtors time to resolve their financial issues while allowing respite from being pursued by creditors and freezing interest/ fees on any debts included.

Click the following link to find out more:  Breathing Space