Tax Arrears Solutions
Advice
Whether you are an individual in financial distress, advisor to someone in financial distress or owed money by someone who you believe is in difficulty Geoffrey Martin & Co are able to assist and offer practical advice and solutions to any given scenario concerning individual debt.
Whilst sometimes immediate action needs to be taken to ring fence an individual from action through a formal insolvency process, more often than not an individual will owe money to a small number of creditors. In these situations it is often possible to arrange an informal arrangement with these creditors rather than incurring the costs of court driven processes. Creditors are often in favour of these as the lower costs mean higher returns. At Geoffrey Martin & Co we pride ourselves on being able to recognise and provide bespoke solutions to tailor an individual’s needs to the requirements of his or her creditors, often without the need for a formal appointment.
Similarly, if you are a sole trader or other business that is not protected by a limited liability status and are concerned about the viability of the business then we have the ability to review the business and identify and advise on areas of concern or weakness in the business. Once the problem has been identified then advice can be given on the best possible solution to you.
The key to the success of any informal process is the time taken to identify any problem. The sooner external advice is sought the greater the number of options are available to you and hopefully as a result this will mean that any financial difficulties can be eradicated without the need for formal processes such as Bankruptcy or an Individual Voluntary Arrangement. Initial consultations with Geoffrey Martin & Co are free of charge and therefore if you feel there is an area of your personal finances or business that needs attention please do not hesitate to contact us.