Could SMEs soon benefit from a freeze in loan repayments?
The British Chambers of Commerce has introduced a “Coronavirus Business Impact Tracker”. Its first set of polling covered over 600 businesses and was conducted from 25-27 March. The results were recently published and unsurprisingly they make for grim reading. Possibly the most concerning finding was that 62% of firms have at most three months’ cash […]
What do you need to know about Debt Relief Orders?
Debt Relief Orders (DRO) are a relatively new form of insolvency, having been introduced in 2009 (as compared to Individual Voluntary Arrangements, which were introduced in 1986 and bankruptcy which has been around for centuries). They are essentially a very short and relatively painless form of bankruptcy. DROs are only used in England, Wales and […]