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My business is in trouble: what can I do?

No matter how well you run your business, unexpected issues can arise, so acting quickly is key to protecting your business or personal affairs.

12 August 2024

No matter how well you run your business, there’s always a chance of something going wrong. It’s often something completely beyond your control: a cashflow problem, an unpaid invoice, a contract that’s fallen through. 

Whatever your problem, early intervention is key and the quicker you act, the more chance you’ve got of being able to save your business or personal affairs.

If the following issues sound familiar to you then our Restructuring team are here to help you:

  • I'm unable to pay PAYE or VAT - what can I do?
  • I’ve received a CCJ - what can I do?
  • What are personal guarantees?
  • What are my Directors’ duties and obligations?
  • What are employee rights and company obligations?
  • What is the tax treatment on distribution of assets in a solvent liquidation?
  • What happens with guarantees I have given in an Insolvency?

Here are some of the ways Bishop Fleming can help you:

Personal Debt Advice

  • Bankruptcy
  • Individual Voluntary Arrangement
  • Other Options for Individuals

Business Recovery

  • Administration
  • Liquidation
  • Voluntary Arrangements
     

Get in touch with us

Our Business Restructuring Team offers expert, practical advice on restructuring or recovery to strengthen and protect your business.

Key contacts

Luke Venner

Partner

01392 448874

Email Luke