Unknown impact of debt on finances of Halton Council
Councillors have been told it is ‘too early to say’ whether new measures aimed at protecting people in debt will have an impact on the authority’s finances.
The Debt Respite Scheme – also known as breathing space – is a government initiative which came into force on May 4. The legislation aims to give more time to people in debt who are struggling, so they can seek help from a qualified debt advisor.
It is available to anyone with problem debt and protects them from most enforcement and recovery action for up to 60 days, stops contact from creditors and freezes interest and charges on what they owe.
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