Where can I get self employed debt advice???

Welsh_Money_Saver

Hi All

I am currently self employed and its not going too well this year:( , business is dead and I have used up all my savings and emergency funds and now having had only a few days work over the last 3 weeks I don't have enough money to cover all my bills. Does anyone know where I can get advice?? CCCS weren't to keen as some of the debt is under my self employed business and Debtline put me onto business debtline which told me to fold as the business wasn't profitable but where does that leave my personal debt?? I really don't want to lose my house and would like to find a way to make arrangements to pay everyone but can't seem to find advice on how to handle everything together.

Any help much appreciated.

skylight

If you are self employed as a sole trader, then you are liable for debts as if they were personal debts.

If you are self employed as a Limited company then the debts are the companys and not yours.

Depending on how you are self employed will depend on the next steps to take and the options open to you.

Welsh_Money_Saver

Hi

Thanks for the reply, I am a sole trader but most of the business debt is secured as lease hire contracts and there is only 1 small business loan. The rest of my debt is my personal bills.