Self Employed Debts
If you are running your own business and becoming overwhelmed by demands for payment on your personal debts, trade creditors or HM Customs and Revenue then you need our specialist self employed debt advice.
Financial Guardian is part of a Group of companies which has a specialist department dealing exclusively in restructuring the debt problems of people working for themselves. We employ a team of tax and accounting specialists who will work with you to remove all of these self employed debt issues and allow you to run your business more efficiently and profitably.
We recognise that owning and managing your business on a day to day basis is one of the most demanding work regimes possible. Dealing with variable cash flows, accountants, banks, trade creditors, VAT and Inland Revenue on the one hand, while trying to grow your business and collect money on the other, add more stress to your daily workload then you probably need.
As we all know when businesses are doing well, the banks are only too pleased to help and support your initiatives. However if there is a downturn in business, or an expansion which needs to be given more time to become profitable, then your creditors can become less sympathetic very quickly.
If you find yourself in this kind of situation then you will need to take action to restructure these debt problems before your creditors take formal legal action against you and your company. Whether you are a sole trader or an informal business partnership you may be eligible for a fundamental debt restructure which will
- Protect your business and allow you to continue to trade
- Protect you and your personal property from bankruptcy
- Pay back your trade creditors what you can afford to
- Restructure and remove all Income tax; VAT and PAYE liabilities
Our Group specialists will undertake the whole restructure on your behalf. We will work directly with your own accountant where necessary, and negotiate with all your creditors including HM Revenue and Customs who we deal with on a daily basis in self employed cases. We can use legislation to stop any creditor taking further legal action against you while we put together a proposal for restructure. We can even stop bankruptcy petitions or house repossession orders being executed while we try to restructure your financial affairs.
Whatever self employed financial predicament you find yourself in there are 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.
