If you’re a Bounce Back Loan scheme borrower and you’re struggling to make your repayments, you can apply for the Pay as You Grow scheme. Once you’ve been approved for the scheme, you’ll be able to take advantage of repayment holidays and reduced repayments. Pay As You Grow is a new repayment system for Bounce […]
A legal arrangement between you and your creditors to pay off your debts is known as an Individual Voluntary Arrangement (IVA). An IVA is a formal insolvency procedure and must be supervised by an insolvency practitioner (IP). If you enter into an IVA, you’ll be required to make regular monthly payments towards your debts for […]
Managing the finances of your business is probably the most difficult part of owning a company. At any moment you could be faced with an unexpected event that requires money, and if you’re not prepared, it could spell disaster. There are a few different ways to manage and pay off business debt or CBILS. In […]