R3 Breathing Space from Creditor Enforcement JUNE 2015

In any personal insolvency regime, it is paramount that people in financial difficulty are able to access the debt solution that will address their financial difficulties most appropriately. This should allow them to rehabilitate themselves financially as quickly as possible, and it should also ensure that their creditors receive the best repayment outcome possible in the circumstances, thereby achieving a balance between indebted individuals’ and creditors’ interests.