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Debt Management: Breathing Space

Debt Management: Breathing Space

Breathing space is a Debt Respite Scheme, that aims to help individuals by offering financial help from a debt advisor. The scheme give people in a mental health crisis support with the right to legal protections from their creditors.

Further information can be found in the Treasury for Mental Health Crisis Breathing Space guidance.  

Breathing space is a scheme aimed to help people dealing with debt, within the scheme there are two types of help they offer people. MHCBS (Mental Health Crisis Breathing Space) is for patients that suffer with any type of mental health. The second is the standard scheme available to anyone, both objectives are the same; to help people manage their debt going forward.

  • The first type of breathing space is the standard Breathing space, offering anyone in a problem debt for 60 days maximum.
  • The second is a mental health crisis Breathing Space, which will last as long as the individuals mental health crisis treatment, plus 30 days. People are entitled to this as often as they are in a crisis treatment. This procedure is for the mental health crisis breathing space and not the standard breathing space.

 

Last updated: 02 March 2022