Lunch & Learn – The impacts of breathing space
Introduced on May 4th this year, Breathing Space is the culmination of several years campaigning by various debt charities. The purpose of Breathing Space is to support those who genuinely cannot pay or would benefit from some additional time to tackle their debts. In a standard Breathing Space, most enforcement action is put on hold for up to 60 days, with a freeze placed on additional interest and charges. Bristow & Sutor have been at the forefront of translating these regulations and working with the Insolvency Services and debt advice practitioners, including StepChange to help parking professionals understand what this means for the collection of Road Traffic related debt. We continue to work closely with partner organisations to understand the emerging impact, and have delivered a number of articles and Webcasts on the topic. Our lunch and learn presentation would provide further evidence of it’s impact a few weeks into go live.