FAQ's
Yes, if its an unsecured debt and you are able to provide evidence that you cannot afford it.
Yes, they are unsecured debts.
The amount you owe to date will be calculated and that amount will be added to the arrangement. The utility company will then start a new bill, probably imposing terms such as pre payment, pay as you use meter.
The current supplier will attempt to stop you leaving as you owe a debt, this solves the supply problem.
Or you can start a new bill with a new supplier.
Wages, wage arrears, holiday pay and notice pay are all covered up to certain statutory limits by the Redundancy Payments Office of the Department of Trade and Industry.
Yes, it is an unsecured debt.
Start another fuel card account with another supplier of pay at pump.
Potentially, we can send you a fast-track account to work on your accounts to bring them up to date for the voluntary arrangement purpose, (there is a cost to be borne by the client)
Look your debts in the face.
Communicate with your creditors.
Involve your directors and senior managers.
Seek expert guidance.
Improve cash flow as much as you can.
Explore ways to raise funds and/or reduce liabilities.
Make the decision whether the current company is viable or whether to close the current company and start a fresh one
Decide on a solution which best fits you and your business
Find an insolvency practitioner