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At MJ Kane we understand that most businesses and individuals incur debt throughout their lifetime. Lending and borrowing are part and parcel of the modern economy – it’s only when you can’t pay back your debts that they become a problem.

There are many different types of debt and listed here are some of the most common.

  • Loans, mortgages, and credit cards
  • Income tax and VAT
  • Business debts

Manageable debts which you comfortably pay back over an agreed period are often a necessary part of life. But when debts become unmanageable, they can cause a lot of stress. There are many ways debts can suddenly become unmanageable. If you feel your debts have become unmanageable, there are options available to help manage the debt.

Businesses with Debts

With a team in house and over 10 years’ experience, MJ Kane are available to assist businesses with unmanageable debts.

Depending on your requirements your business may need to go down one of the following routes:

  • Company Voluntary Arrangement (CVA)
  • Creditors Voluntary Liquidation (CVL)

 

Both options are viable routes for businesses to go down. To determine the best option for you. Contact our offices to speak to one of our experts. We will assess your situation and advise you on the best option for your business.

Individuals with Debts

As well as assisting businesses we are on hand to support individuals with unmanageable debts too.

Depending on your requirements you may need to go down one of the following routes:

  • Individual Voluntary Arrangement (IVA)
  • Bankruptcy

 

Both options are viable routes to go down. To determine the best option for you. Contact our offices to speak to one of our experts. We will assess your situation and advise you on the best option for you.

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