The British summer is known for bringing cloud, wind
and rain. And this year it has been no different so far. The
summer also signals school breaks and holidays for many of us in Britain.
In Insolvency, there is a trend developing each summer where the number of new insolvencies drops as people tend to take their eyes off their financial position and try to make it through the summer enjoying themselves. As a result, come Autumn, struggling individuals and businesses tend to find the noose tightening around their necks and scramble for help in any shape or form to overcome the troubles they are facing.
The Summer does not stop creditors pursuing you. The sooner you act on any form of creditor pressure usually means a positive outcome for ailing businesses and their creditors. Business consultants such as ourselves have experience in dealing with these situation. Why wait for Autumn when you can deal with issues now and have a good summer as well?
Provided the sun keeps the rain away of course..
