Frequently Asked Questions

I am having financial difficulties who shall I contact?

Silver Insolvency Solutions, we can guide you in the right direction. 

 

How can you help me organise my debt?

By examining your income and expenditure and prioritising your debts. 

I can't pay my debts what shall I do?

Silver Insolvency Solutions can assist with producing your cash flow forecast. 

My business is struggling financially what should my first step be?

Discuss with Silver Insolvency Solutions about the pressure from creditors and strength of your order book.

 

Do I need to declare myself bankrupt?

If your debts are less than £15k you may be eligible to a debt relief order and therefore you will not need to declare yourself bankrupt. Another alternative could be to propose what is called An Individual Voluntary Arrangement. This process might be right for you. Just call us to discuss this possibility.

How do I declare myself bankrupt?

Declaring yourself bankrupt is a fairly simple process online, however you must first be aware of the repercussions, such as; bankruptcy discharge, negative effect on credit score, and bankruptcy information made available to the public. 

Feel free to email us at enquires@silverinsolvencysolutions.co.uk and we will be in contact.