The Civil Court Users Association (CCUA) represents many members who act for creditors who already provide breathing space to debtors and look to work with debtors to agree affordable ways to repay their debts. The Association endorses the concepts of Breathing Space and Repayment Plans in supporting debtors to work with their creditors.
However, the Association is very disappointed to note that the new Government has confirmed its commitment to introduce the currently flawed proposals for Breathing Space and Statutory Repayment Plans. The announcement can be seen here.
The proposals as previously drafted gave rise to a wide range of concerns, as addressed by the CCUA in our response to the consultation.
It is suggested once again that these proposals should be reconsidered or amended. If not, then it is vitally important that the draft legislation should be made publicly available as early as possible, so that businesses can see the detail and have as much time as possible to tackle the considerable challenges that this will inevitably present.
