Question I own and run a medium sized building firm, but my business is in financial difficulty and I face significant debts. I am afraid that I may have to declare bankruptcy. Are there any alternative ways to deal with creditors who I cannot currently pay?
Answer With the rise in the number of companies collapsing, lenders and creditors are increasingly taking enforcement actions in relation to personal guarantees provided by company directors.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team