Business Insolvency
Do Nothing
The greatest temptation can be to do nothing. No-one likes to admit they need help. But debt problems will not go away; they only get worse. High interest charges and fees for non-payment mean debts will rise with every day you delay.
Waiting for one of your creditors to bankrupt you can be a solution; the problem is that they rarely chose this course of action.
They will not stop chasing you and your debts will continue to grow - and just as you think you’ve got back on your feet, another demand arrives.