Hello there feeling worried and stressed about your own personal debts?
The business problems you may be encountering can very often lead to a knock-on effect.
If you have given personal guarantees or borrowed on your own credit cards or banks to finance the business, then you could have or soon have a personal debt problem.
Remember any personal guarantees to banks, leasing or HP companies or landlords SURVIVE the failure of the business, so it may be you lose the business income / salary and also then end up in more debt.
If this is the case please feel free to give us a call on 01289 309431 and ask for some help and guidance or, if you prefer not to talk to someone just yet, you need to read all about personal debt solutions at our sister website www.debtless.co.uk
Well if you have secured personal guarantees against the home you will have to pay back the debt. That could be over time with a long loan or remortgage (we can help with this please contact us).
Well, that all depends upon the circumstances and the debts that you have. Talk to us and we will help you work out the options for your business and for you.
This is probably the most powerful personal debt solution where your business is still viable. If you are a sole trader see the guides for Sole Traders IVA Guide. If you are a partner in a partnership see Partnership IVA Guide.
If you are a director in a company visit www.debtless.co.uk for a full guide to IVA’s.
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