Personal Debt Personal debt and financial problem can be overwhelming, particularly the stress of dealing with creditors. Creditors Voluntary Liquidation Where a company has extra liabilities than assets or can’t pay money owed it’s often advisable to liquidate by way of a CVL. Debt Mediation There may be numerous the cause why debt hasn’t been paid – perhaps the debtor is unable to pay, or they could haven’t any intention of paying and can force the creditor to take legal action.
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