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Pressure To Go Bankrupt

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  • JMV
    JMV Posts: 93 Forumite
    Hi Red Doe...you may not be looking at the forums anymore but I wanted to offer my support to you as I am in a similar position...

    I've been struggling to stave off BR for a year or so and finally accepted the inevitable - but I have some comments to make based on a lot of research and advice I've had from various quarters:

    BR will not necessarily mean you lose your business...

    If your business can make you a reasonable living and is viable then it is likely the OR would allow you to continue trading...

    If (like me) you have been bleeding your business dry to pay off personal debts...then you might actually find yourself in a better position post-BR...

    Chin up and get some advice from a proper source - I'd start with these - http://www.bdl.org.uk/

    Good Luck :)
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