Statutory Debt Repayment Plan put on hold - Debt Advice Foundation

Statutory Debt Repayment Plan put on hold

The proposed Statutory Debt Repayment Plan (SDRP), which will allow someone with qualifying debt to enter a legally protected statutory agreement to repay their debts, has been put on hold until 2023.

The delay has come in response to a stakeholder consultation with concerns being raised about a number of aspects of the instrument from scheme design to flexibility and funding.

Details on the government response can be found here . The government has said it will await the Insolvency Service led review on the personal insolvency framework before deciding on the future of SDRP.

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