People in Australia are still refusing to accept insolvency and continuing to trade. Many are damaging both their company and their personal interests by refusing to admit to insolvency. If recognised or accepted earlier many businesses could still be trading.

It is not simple to determine if your firm is insolvent - which is when a business or individual is unable to pay debts or is short of cash. An emotional involvement with the company can also cloud a persons view or make them blind to the obvious because they simply cannot accept it.

Experts have said that many businesses may renegotiate their debts or pay some suppliers, but if they do not deal with the underlying insolvency then they will loose their chance to rescue the company. If left too late then you simply have to auction off the assets of the company in order to meet the payments. This will prevent the business from making a turnaround as the underlying problems still remain. When the business finally fails the directors of the business are liable for the company debt which results in personal debt issues.

If you are concerned about your businesses insolvency and how it can affect you then please call us before it is too late. It is best to admit you are struggling and deal with the debt before it is too late. We can reduce your monthly payments to a level you can manage, getting you and your business back on track.

Call us on: 0800 071 1616

Email Us: info@debtsgone.co.uk

See us on the Web: www.debtsgone.co.uk