Sole Traders

We will work with you to conduct a review of your current situation, free of charge.

When your business is potentially viable

If the review we will conduct, free of charge, shows your business is potentially viable your options will be one of the following:

Informal arrangements
Made between Debtor and Creditor, not involving the use of formal processes, like court judgements, IVA’s or bankruptcies for example.
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Refinancing
We can help you by analysing your requirements, preparing a business plan, including budget & cash-flow and introducing you to potential lenders. 
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Individual involuntary arrangement (IVA)
(Is a formal agreement between you and your creditors, where you formally agree with your creditors to make payments towards your total debt.
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When your business is not viable

If the investigation shows your business is not viable, your options will be one of the following:

Business closure
This option involves settling your debts informally and closing down.
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Debt relief order (DRO) – you must owe less than £15,000
To apply, your total assets, excluding a car, cannot exceed £300.00 and your disposable income, after living expenses, must be less than £50.00 a month.
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Bankruptcy

Bankruptcy is one way of dealing with debts you cannot pay, so that you can make a fresh start. But, depending on your particular situation it might not be your best option.
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Either way, act now and get professional advice for free from 4Squared.

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Every effort is made to ensure that information contained on this website is accurate and up-to-date.
It should be noted, however, that this information is subject to change without notice and that 4Squared
can accept no liability for the accuracy of all the information presented at any given time.