Can I get Free Insolvency Advice for my Limited Company?
When you’re experiencing financial difficulties, it may be difficult to know where to turn. Many directors turn to Google to seek a way out of their situation, but the advice on the web is sometimes conflicting and complicated in a time where you need simplicity and straight answers.
You may wish to speak with your accountant or financial adviser, but of course that comes with costs. If you do so, ensure they understand the subject completely and have the relevant professional accreditation.
Where to Find Free Insolvency Advice for Your Business?
We offer a free, entirely confidential discussion by phone, live chat or email to any director experiencing financial difficulties and potential insolvency.
In addition, there are a number of reputable charities and professional organisations that offer support lines.
These include Business Debtline (visit their site here) who have a useful helpline and web chat service. They are a charity with over 20 years experience, who help over 20,000 people a year.
Debt Charities that Offer Corporate Insolvency Advice for Free
Business Debtline was set up by the Money Advice Trust, which was founded in 1991 with governmental support. Employing almost 200 staff, the Trust has founded Business Debtline, as well as the National Debtline and the Wiseradviser training program.
Launched in 1992, Business Debtline was launched originally in the Birmingham area but has expanded to cover the entire UK, with a focus on microbusinesses.
What About Getting Free Advice from Licensed Insolvency Practitioners?
Insolvency practitioners are generally accountants who have gone on to received further training and gain accreditation for the specialist field of insolvency – how to help businesses with creditor pressure and then either rescue them or close them down.
Speaking with a licensed insolvency practitioner means you are speaking with someone with proven, practical experience in working directly with insolvent businesses. As well as a rigorous understanding of the law, they will have the experience and insight to help you as quickly as possible, via the most effective solution.