Sole trader debt solutions
Access Debt Solutions provides a range of sole trader debt solutions.
A Sole Trader is defined as an individual operating a business on their own with little legal formalities, obligations or constraints.
As a sole trader you are personally liable for all business debts, which from a legal standpoint are treated no differently to your personal debts. Just because you trade as a business name, doesn't mean to say that you can separate yourself from the business debts. Consequently, if the business cannot meet its liabilities it is more than possible that creditors will continue to pursue you personally for full repayment.
For free advice on sole trader debt solutions contact us via our business health check form or call us now on 0800 694 0484.
Follow the links below for further detail on other debt options for sole traders and partnerships: