Gen Z debt relief & arrangement Great Britain 2025| ��ƽ��

Debt relief and debt arrangement rates of adults between 18 and 24 years old in England and Wales from 2014 to 2025 (in number per 10,000 adults)

Characteristic	Debt relief order rates	Individual voluntary arrangement rates	Breathing space rates
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-	-	-	-
-	-	-	-
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Release date

March 2026

More information

Region

United Kingdom (England, Wales)

Survey time period

2014 to 2025

Age group

18-24 years old

Special properties

The Breathing Space scheme started on 4 May 2021. Therefore, rates for 2021 reflect only eight months of breathing space registrations.

Supplementary notes

According to the source, a debt relief order (DRO) is a form of debt relief available to those who have a low income, low assets and debt no more than a specified value. There is no distribution to creditors, and discharge from debts takes place 12 months after the DRO is granted. An individual voluntary arrangement (IVA) are voluntary means of repaying creditors some or all of what they are owed. Once approved by 75% or more of creditors, the arrangement is binding on all. And Debt Respite Scheme (Breathing Space), launched in May 2021, gives people legal protections from their creditors for 60 days, with most interest and penalty charges frozen, and enforcement action halted.

This statistic is using original data from the Office for National Statistics and includes copyright material from © Crown, licensed under the .

Citation formats

In England and Wales, the rate of adults aged 18 to 24 who used the breathing space scheme was higher than that of those using debt relief or voluntary debt arrangement in 2025. As of 2025, the rates for debt relief orders and individual voluntary arrangements stood at *** per 10,000 adults, while the number of breathing spaces reached ****.