Self Employed Business Debts
If you are one of the more than four million self employed or small business owners across the UK, and
you are swamped by demands for unsecured debt repayments from your bank, trade creditors or even HMRC (HM Revenue and Customs) then you
may well need our specialist self employed business debt help and advice.
Business-Debts.co.uk specialises in helping the self employed and small business owners resolve any financial difficulties
they may find themselves in. We employ a team of tax and accounting specialists who have many years experience in providing debt restructure
programmes to small businesses with debt problems.
Our company recognises that managing your own business is one of the most demanding work regimes possible. Small business owners have to
provide equal attention to working capital requirements, cash flows, banks, juggling other unsecured and trade creditors, Inland Revenue and
perhaps VAT on the one hand, while trying to grow the business and manage the invoice and cash collection process on the other. All of these often
conflicting elements can conspire against you and provide huge strain upon your business and personal life.
When small businesses are doing well financially the banks are usually very pleased to help and support business initiatives and
compete with each other to manage your financial affairs. However if there is a business downturn, or an expansion which is not yet profitable,
then your business bankers and other unsecured creditors can become less sympathetic very quickly. We deal with many cases where, at the very first
sign of financial trouble, the creditor commences legal proceedings to recover the debts without waiting for any restructures proposal.
The more aggressive creditors are often trade creditors such as plumbers’ merchants and small company suppliers to the self employed
who tend to get the debt collectors in very quickly.
If any small business has debt problems and has aggressive trade creditors or owes money to HM Revenue and Customs then immediate action
will need to be taken to restructure these debts before the creditors commence formal legal action against you and your company.
Whether the business debts are incurred as a sole trader or an informal business partnership then you may be eligible for business debts restructure which will -:
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Provide debt protection for your small business, allowing you to continue to trade through potentially difficult financial times.
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Protect you as a sole trader and your personal property including the family home from the effects of bankruptcy.
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Pay back your trade creditors what you can afford to in a completely structured manner which is equitable to all.
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Gain the agreement of Crown Creditors such as Inland Revenue to repay them in a way which doesn’t compromise the rest of the business.
Our business debt specialists have already undertaken many 1000’s of these debt restructures on behalf of self employed people.
Business Debts.co.uk can work directly with your own accountant as appropriate, and undertake the negotiations with all your unsecured creditors even including
HM Revenue and Customs. We can use the governments own legislation to stop any individual creditor taking legal action against you while we put together a proposal for restructure.
Business Debts.co.uk are also authorised to get bankruptcy petitions adjourned or house repossession orders stopped from being executed while we try to restructure your overall financial affairs.
Whatever self employed or business financial predicament you find yourself in Business Debts.co.uk has many different debt solutions available.
For completely impartial and professional advice please contact us on 0800 043 50 43 or complete our enquiry form and let us call you back.
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