There are many ways to start reducing your escalating debt that are not an insolvency option which come with a range of negative consequences (more on those later). One of the alternatives is a service called Business Debt Rescue, which may assist with reducing your debts and avoiding insolvency.
What is Business Debt Rescue?
Imagine you’re in a boat. It springs a leak. Water begins flooding in. You try to plug the leak, but water keeps spilling through. You start baling, but water is coming in faster than you can get it out. You realise this can only end one way…
Suddenly, though, the coast guard appears. Expert sailors board your vessel. Drawing on their years of experience, they help you fix the damaged hull. The water stops entering. But the sailors know there’s still work to be done. So, they show you how to methodically pump the water out of your boat. And, for good measure, they guide you back to port.
Business Debt Rescue may be like a financial coast guard for stricken Australian businesses.
If you’re eligible to use Business Debt Rescue, our staff will work closely with you to find a long-term solution to your current debt problem.
Business Debt Rescue provides a holistic debt relief solution that can be an alternative to immediate insolvency.
Our debt relief solution aims to achieve any or all of the following outcomes for businesses:
- Negotiating with creditors for reductions and waivers in debts based on the current business circumstances.
- Negotiating with creditors to reduce or suspend payments on interest.
- Negotiating creditor payment plans within your estimated budget to make paying back business debts manageable over time.
- Where successful, avoiding a 5-year black mark on a business credit file in contrast to the outcome of insolvency.
- Where successful, avoiding a black mark on a director’s credit file for 10 years in contrast to the outcome of insolvency.
- Minimising contact between the client and the creditors where possible.
- A holistic business debt relief solution that is an alternative to immediate insolvency.
The Business Debt Rescue team are experienced, non-judgemental professionals who work to prepare tailored solutions for our clients. Contact us today for a free quote.
