What can a statutory moratorium do
A statutory moratorium can:
1s197 B(S)A 1996•stop the service of a charge for payment;
•stop a creditor’s application for bankruptcy;
•stop the service of a wage arrestment;
•stop the service of a bank arrestment and freeze the process of an ongoing bank arrestment;
•stop or freeze an application for an attachment;
•stop or freeze an application for an exceptional attachment.
Creditors can still follow the debt collection process, serving arrears and default notices, etc. as well as registering defaults on the client’s credit file. They can also apply charges and interest and contact the client.