The statutory debt repayment plan (SDRP) will be a new statutory debt solution focused on repayment of debt, rather than debt relief, addressing a gap in the market. It will cover a broad range of debts, including debts owed to the government and to creditors outside of financial services and will protect debtors from enforcement action, creditor contact, and interest, fees and charges on their debts while they repay them.

The SDRP is expected to benefit debtors, creditors, debt advisers by providing a solution with higher success and repayment rates than current debt solutions.