Derek G Cooper's Articles in Small Business

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Self employed and in financial difficulty - 4 options to solve your debt problems Many sole traders and the self employed prop up their business with personal borrowing. If things go wrong, the individual is left with large personal debt which they cannot repay. What options are there available to resolve these problems? CVAs (Company Voluntary Arrangements) become increasingly acceptable to creditors The outdoor and leisure clothing retailer Blacks is planning to resolve its financial difficulties by agreeing a Company Voluntary Arrangement (CVA) with its creditors. Yet more evidence that creditors are starting to understand the value of CVAs for restructuring struggling companies.