My bussiness(I am sole proprietor) untill the last 6 months has been quite succcessfull, unfortunatially work and orders have dried up.(posted 8071 days ago)I now owe the taxman, the vatman,the bank,and others about £55,000 pounds Plus a mortage of about £95,000.I have used up my savings trying to keep the bussiness going,and although I amm still trying to get orders things look bleak!!
No creditors are chasing me yet But this is inevitable.
Please if any body can help with any ideas of what i should do for the best, i.e. should i declare my self bankrupt, contact every i owe money to ask for time to pay??? I really am at the point of despair.
Les.