In the last few years many people in Britain have found themselves with an inability to repay increasing debts. When your income is exceeded by your monthly outgoings it’s time to find a solution to your debt and there are several main options to choose.
An Individual Voluntary Arrangement (IVA) is an alternative for people looking to avoid bankruptcy; it is an agreement with the creditors of an individual looking to continue to pay their debts but, due to a change in financial circumstances, can no longer make the originally agreed repayments.
Kent Harlan asked: If a company is either in a high-growth mode or is experiencing serious cash flow issues and is not able to establish a working line of credit with a bank, why wouldn’t they turn to invoice factoring? There are three main concerns and objections that many decision makers have that can be [...]
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