Australians are struggling financially also! Thousands are being pushed into debt and bankruptcy levels are rising. It has been noted that the last thing people are paying is their tax and low profits mean that businesses are unable to cover their expenses or taxes. This stems from poor financial management on the businesses end. Also people are keeping dying businesses going when there is no hope in sight instead of winding down and saving themselves before it is too late.

Most bankruptcies at the moment involve tradespeople and the husband-wife small business. The failing businesses can also affect consumer demand, this can also destroy a business. Bad legal action, competition, credit problems, price changes, costs rising and industry conditions can all make or break a business.

In some cases the business fails due to excessive personal debt on the behalf of the owner, which makes it hard to maintain the business.

If you are concerned that you are struggling to keep your business alive or are drowning in personal debt then call us. We can advise and help for both you and the business.

Call us on: 0800 071 1616

Email us at: info@debtsgone.co.uk

Website: www.debtsgone.co.uk