UK Eyes New Debt Repayment Plan For Financially Hard-Hit

By Joel Poultney (May 10, 2022, 2:35 PM BST) -- The government has floated proposals for a new consumer debt repayment program to help protect people struggling financially amid a growing number of personal insolvencies.

John Glen, the economic secretary to the Treasury, wants responses from the sector on its Statutory Debt Repayment Plan, which the government announced on Monday. The program will include new payment schedules and help shield distressed households from enforcement action by creditors.

Other measures set out by government include a ban on creditors being able to contact a debtor involved in the scheme and halting fees. The measures will also ban creditors from imposing additional interest...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!