Informal Solutions
Running a business can be lonely when things get tough. We can offer advice and support to help your business through financial difficulty, offering advice and help with informal arrangements to help ease the financial pressure on you.
Business Advice
Good quality business advice at an early stage can be hugely beneficial and make the difference between success and failure.
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Informal Arrangements
There are many many options for businessowners and it may be you don’t need a formal solution, just a helping hand.
Learn MoreFormal Solutions
If your business is in more serious financial difficulty, there are formal solutions that can help protect you and your business from creditors. Here are just some of the possible solutions we can arrange for you. We know every business is unique however, so please contact us to discuss what options might be right for you.
Business Debt Arrangement Scheme (BDAS)
A Business Debt Arrangement Scheme (BDAS) is a government backed plan which helps you repay business debts over a period up to 5 years allowing you to continue trading.
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Protected Trust Deed (PTD)
While businesses cannot enter into a Protected Trust Deed, it can be used for individuals who have personal debt as a result of their business. This agreement legally protects your assets from any legal action made by your creditors.
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Bankruptcy (Sequestration in Scotland)
Sequestration is the Scottish form of bankruptcy and can be entered into by an individual who is a sole trader, a partner of a partnership and a partnership entity itself.
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If your business is experiencing financial difficulties contact us today