iva Articles

Contractor Debt Problems

A large proportion of UK individuals will at some point experience debt problems. Levels of debt can easily get out of hand or changes in circumstances, such as an unexpected drop in income, can make previously affordable debts unmanageable. 

The number of insolvencies expected to affect UK companies is set to rise, according to analysts at bankruptcy-insolvency.co.uk, an established debt advice service. With more businesses failing to budget accordingly for HMRC liabilities, many SMEs (smal and medium sized enterprises) could be pushed over the edge.