A round-up of R3's Press, Policy and Public Affairs team's activities in April 2021...

R3's guide to the new 'Breathing Space' scheme for people in debt, which comes into effect on 4 May 2021... 

New draft legislation from the Law Commission on the transferral of ownership rights could add significant extra costs onto creditors in insolvencies, if implemented... 

“Dealing with money worries – a guide to your options” is a new resource from R3, and sets out the statutory amd non-statutory options for dealing with debt, for anyone worried about their financial situation.

An update on the work of R3's Press, Policy and Public Affairs team in November 2020...

The Value of the Profession survey, a response to a consultation on insolvent energy companies, media enquiries and preparing two new campaigns kept the Press, Policy and Public Affairs team busy in August…

The draft legislation for the breathing space scheme has been published - this post sets out how it may look in practice, and R3's support for the measure to help people in debt find an appropriate solution... 

On May 15^th, for the first time, the Insolvency Service (IS) released monthly figures for corporate and personal insolvencies (NB: corporate: England & Wales, Scotland; personal: England & Wales). The IS said that it was publishing on a monthly (rather than quarterly, as previously) basis “to provide more up to date information on the numbers of companies and individuals who are unable to pay debts and enter a formal insolvency procedure as the coronavirus (COVID 19) pandemic continues”.

In his statement on 26 March, the Chancellor announced a package of support tailored at self-employed people. Here are R3's thoughts...