Laying it all out is scary but I know I need to make a change…

Futurerichguy

Thanks @sourcrates that’s actually a really good point and is obvious when you think about it. 

Do you think I should approach the business debtors in a different way or wait for default and then set up a payment plan as with the personal debt? 

ManyWays

The problem with business creditors is that some of them can make what seem like irrational decisions, such as going to court for a CCJ.

If these business debts are large, then you need advice on your situation and as @enthusiasticsaver says, it may be sensible to consider bankruptcy or some other form of insolvency in a case where you would not if these were purely consumer debts. Your SOA will clarify a lot of this.