Debt Respite Scheme Seminar: Breathing Space and SDRP for Social and Private Landlords
About this seminar:
The implementation of the new Debt Respite Scheme (Breathing Space and a Statutory Debt Repayment Plan) is being introduced in May and will affect social and private landlords as well as many other organisations. It aims to give people in problem debt the opportunity to take control of their finances and put them on a sustainable footing.
In this lunchtime seminar, we'll take a look at the new legal protections including the practical issues to help you and your housing team to prepare for May 2021.
There will be an open forum at the end enabling you to share ideas and ask questions.
What is the Debt Respite Scheme?
Breathing space will give someone in problem debt the right to new legal protections from creditor action while they receive debt advice. This includes the freezing of interest, fees and and enforcement action.
The statutory debt repayment plan (SDRP) will enable someone in problem debt to enter a statutory agreement to repay their debts to a manageable timetable. Individuals, would receive legal protections from creditor action for the duration of their plan.
Overview, impact and policy intention
A standard Breathing Space
A Mental Health Crisis Breathing Space
Statutory Debt Repayment Plan
Dealing with a notification
Challenging a decision
The role of stakeholders, including the Insolvency Service
Preparing for May 2021 - practical tips and guidance
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