Letter to Creditor Proposing a Debt Repayment Plan

A formal letter to a creditor or enforcement agent proposing an affordable instalment arrangement to repay a debt. Includes a standard income and expenditure summary table to demonstrate affordability. References the debt respite (Breathing Space) scheme under the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020. Encourages creditors to accept the arrangement and halt enforcement action.