Can creditors come after my business for personal debts?

If you’re experiencing debt problems on an individual basis, and you have your own business, you may have been threatened by creditors that they can target your business for personal debts. In some circumstances, creditors can make a claim against your business to recover their debt. However, if you have a limited company, it is [...]

By |2023-03-24T12:06:27+01:00April 5th, 2021|Business Insolvency, Business Rescue|0 Comments

Why should I choose an insolvency practitioner instead of … Making direct arrangements with creditors?

Being in a position where you’re unable to pay your company’s creditors is extremely stressful. In an attempt to avoid increasing the level of debt, many companies try to negotiate directly with their creditors and agree to an informal arrangement. If the debt is quite small and owed to one creditor, and the creditor is [...]

By |2023-03-24T12:06:47+01:00March 17th, 2021|Business Insolvency|Comments Off on Why should I choose an insolvency practitioner instead of … Making direct arrangements with creditors?
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