How can a person ever pay off their debt if … debt collectors buy each other’s debts?

People often find that after a period of time, usually around six months, a company to whom they owe money will pass the debt over to a debt collection agency. Paying off debts is not always an easy task when much of the time you are only paying the interest. Debts that haven’t been paid [...]

By |2023-03-24T12:08:01+01:00February 17th, 2021|Business Insolvency|Comments Off on How can a person ever pay off their debt if … debt collectors buy each other’s debts?

Can your business debt get discharged if the debt is used for investing?

Any business can get into debt trouble, at any stage. This is when business debt plans come into action. Just because a business debt plan is being implemented, it doesn’t always mean that the company is about to close. It is possible to utilise debt for a long-term investment or as working capital. If you [...]

By |2023-03-24T12:02:22+01:00February 10th, 2021|Business Insolvency|Comments Off on Can your business debt get discharged if the debt is used for investing?
Go to Top