Small Business Debt Advice
Business debt help and bespoke financial advice is available to all self employed and small businesses across the UK.
The amount of personal and business unsecured debt in the UK entering 2007 is more than £1.3 Trillion and is still growing at the rate of £250,000 per minute.
The number of self employed and small businesses falling into arrears with personal and commercial debt repayments continues to grow, with the
number of repossessions hitting a recent record level of more than 17,000 at the end of 2006.
Personal insolvency and bankruptcy reached a new record level of nearly 30,000 in the Fourth Quarter of 2006 and 2006 as a whole
saw more than 100,000 insolvencies for the first time since records began.
Underlying these headlines the demand for business debt advice and support in the UK as a whole continues to grow. Even though the number of Limited Liability Companies entering into
Liquidation actually fell in Quarter Four 2006 to 3,194 (Q3 3,239) most of the business debt restructuring requirements are needed by small businesses and
the self employed trades people. Business-Debts.co.uk, as part of one of the UKs leading firms of debt Insolvency Practitioners, with more than 50 years experience,
has a dedicated team of business professionals supporting the self employed and small businesses to restructure their finances and avoid bankruptcy or liquidation.
Solutions to Business Debt
Business Debts.co.uk are professionally authorised to assist you and your business to -:
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Restructure your business cash flows to minimise your debt repayments.
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Where necessary help provide the business with one affordable monthly debt repayment to smooth potential future earnings issues.
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Take unsecured business debt problems and provide a debt reconsolidation over a maximum of 5 years where possible.
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Stop aggressive creditors (particularly smaller trade creditors) from continuing to take legal action against you while we restructure the business debts.
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Stop the addition of debt interest and financial charges continually being added to your current level of debt.
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Stop a sole traders personal possessions and property becoming subject to Bankruptcy or Repossession Orders.
If you are either self employed or running a small business and you owe more than £15,000 in unsecured debts, then you could qualify
for a relatively new piece of legislation called an Individual Voluntary Arrangement (IVA). This legislation has sometimes been described as
“Rescue” or “Second Chance” legislation, and was specifically designed to help the self employed and small businesses
restructure unsecured debts to meet their current situation rather than the overwhelming predicaments people sometimes find themselves in.
If you run a small business or are self employed there are many different debt consolidation solutions available. For completely
impartial and professional business debt advice please contact us on 0800 043 50 43 or complete our enquiry form
and let us call you back.
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