Hello
I need some advice I am self employed running my own computer business
I have been struggling with mostly debts from my business and i owe about £30.000
I am at present on a debt mangement plan with pay plan paying £150.00 a month for unsecure debts and £205.00 for a secure loan.
I am not behind with my mortgage or secure loan but i am finding in hard to pay monthly bills
and to use money for my business.
Last week i manage to start a new short term contract for a large company which could lead to 5 months work
I am in to minds what to do about the debt i have
I cant go bankrupt as this will afect this new work so i have thought of IVA but the secure loan doesnt go into a IVA so i need advice from someone please.

When your are self employed, the management of your individual debt situation will be governed by the amount of money you can take out of the business. There are specific business debt advice helplines out there who will be able to give you advice.

Try Business Debtline - 0800 197 6026

The best thing for your situation would be to simply speak to a debt advice company. They will be able to help you come up with a way to solve this. Your not commited so you can just ring them to get their initial opinion and if you like the advice that they have given you then you can continue with them.

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