Breathing space: What affect will it have on creditors?

Given the current crisis facing the UK and the world at this time, the Government is taking steps to try and reduce the number of SME and SOHO businesses that become insolvent as a result of the COVID-19 pandemic.

Our Commercial Debt Recovery team has produced a detailed guide considering the impact that the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 may have on SME and SOHO business debts, when it comes into force on 04 May 2021.

Breathing space detailed guide

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