Is your company struggling to stay afloat but the bills keep piling up? We can show you how it is possible to write off business debts in order to get a fresh start. Sometimes it is just a matter of poor cash flow and other times you may be in need of restructuring your entire company from the top on down. In any case, Real Business Rescue can offer rock solid business debt advice as we have for thousands of other companies in England and Wales.
Even though you may have started out with a sound business plan, times have changed and your operating model may be outdated. Cash isn’t flowing as readily as it was just a few short years ago so it is time to take a look at what is causing your problems. Sometimes, as a director, you are too close to the problem to be able to see it objectively. It takes a trained and experienced professional Insolvency Practitioner to go over your accounts and look at how you are running your business. We provide business debt help that is tailored to your business based on your needs. There is no ‘one size fits all’ solution to any insolvency problems so our advice will be specific to your particular set of issues.
It may sound a bit unbelievable, but yes, company liabilities can be written off subject to certain circumstances. In fact, over the years we have helped many struggling companies to a complete turnaround from insolvency back into a flourishing business. Sometimes it may be a Company Voluntary Arrangement (CVA) in which a binding agreement is made with your creditors to take a percentage of what you owe over a period of time.
This depends on a number of factors, obviously it depends upon how much the liabilities are in the first place, and future cash flow projections. CVA's can vary from companies paying from 20p in the pound up to 100p in the pound. CVA's can also vary in term from a few months to 6 years.
For an accurate assessment for the repayments that would be necessary call us for a free consultation
Business debt advice is what we offer and as winner of the Insolvency and Rescue Awards, you can be guaranteed the best help and advice to solve your financial distress. With Real Business Rescue at work for you, there is no question about it.
21st August 2019
The government is to begin automatically enrolling businesses across the country onto a customs system designed to function if the UK leaves the European Union later this year.Read More
19th August 2019
Companies across the UK economy are “seriously underprepared” for a No Deal Brexit scenario, according to the interim director general of the Institute of Directors (IoD).Read More