Pandemic leaves retailers with £2.9bn in accumulated rent debt
The moratorium on aggressive debt collection from landlords is set to end next month, meaning thousands of retailers could face legal action as total rent debt is estimated to be £2.9bn.
A survey of retailers by the British Retail Consortium (BRC) stated that two-thirds have already been informed they will be subject to legal measures after the moratorium ends on June 30.
A third have already experienced legal action in the form of county court judgements from commercial landlords.
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