Member of Begbies Traynor Group Global Advisory

Should I wait to see if my financial situation improves before seeking assistance?

Question

Should I wait to see if my financial situation improves before seeking assistance?

Answer

No. The sooner action is taken the more likely a positive result will be able to be achieved. If creditors are not able to be paid within terms they are more likely to be supportive if a decision to deal with the financial situation is taken as early as possible and before the company, and the position of its creditors, becomes more severe.

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