We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Pressure To Go Bankrupt
Comments
-
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards