Moratorium
A temporary legal pause or restriction on certain creditor action while a debtor or company uses a qualifying statutory process.
Related terms
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Moratorium on diligence
A Scottish protection that temporarily restricts creditors from using certain diligence while a debtor considers or applies for specified debt solutions.
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Debt Respite Scheme
The legal framework behind Breathing Space in England and Wales, providing eligible debtors temporary protection from certain creditor action.
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Breathing Space
A statutory debt respite scheme in England and Wales that can temporarily pause certain creditor action, interest and charges for eligible debts.
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