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3 options when you can't repay your Bounce Back Loan
- Take advantage of the PAYG scheme
- Consider Insolvency
- Seek professional advice
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'In the UK, the interest expense a corporate borrower incurs is generally deductible under the loan relationship rules when calculating corporation tax.'
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Are you going through financial difficulty and have company debt? If the answer is yes watch our video to hear some initial steps that you should take ℹ️💷
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Do you know what CBILS Loans are... watch to find out if they affected you
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'Record-high firm exits make headlines, but who are the firms going out of business? While these firms were small and had a limited macroeconomic impact, firms currently in the process of dissolving are larger.'
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'Talks are underway with lenders but as “refinancing plans haven’t been executed, there is an indication that a material uncertainty exists that may cast significant doubt on the company and group’s ability to continue as a going concern'
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Struggling with #MCA debt in healthcare?
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Solvent v Insolvent...
What's the difference?
Solvent- assets outweigh liabilities⚖️
Insolvent- liabilities outweigh assets📉
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