Part 7: Debt Respite Scheme Section 35: Debt Respite Scheme
This section amends sections 6 and 7 of the FGCA. These amendments are self-explanatory. They will allow regulations to be made which can:
compel creditors to accept amended repayment terms;
provide for a charging mechanism through which creditors will contribute to the cost of running the scheme and repayment plans; and
include debts owed to central government departments.
	Section 35(1), (2) and (4) (debt respite scheme) extend to England and Wales only and section 35(3) extends to England and Wales and Northern Ireland only. Regulations under section 7 of the FGCA will need to be laid before and approved by a motion of Senedd Cymru in order for them to apply in Wales and the Northern Ireland Assembly in order for them to apply in Northern Ireland.