Could Covid Loan Debts Lead to Business Bankruptcy?

Could Covid Loan Debts Lead to Business Bankruptcy

Could Covid Loan Debts Lead to Business Bankruptcy?

The Govt loan scheme has supported over 1.5 million small businesses throughout the UK over the past 14 months. Without those loans many businesses would not be here today. The worry is that without support many of those businesses will not be in a financially fit state to repay those loans.

The Guardian reports “Call for protection on Covid loan debts as the bounce-back payback begins”

James Guthrie from Veritas Legal said “Business Bankruptcy is a realistic threat in the current climate. It is why it is even more important than ever to ensure good cashflow and to keep on top of any outstanding business debts you are owed.”

Don’t let outstanding business debts bring your business down, keep on top of them and if you are struggling, get in touch with Veritas Legal as we can recover your debts for free.

Please call: 01392 498686 or email: info@veritaslegal.co.uk

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