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Wrong. Certain debts "survive" bankruptcy ie they do not get written off when you are declared bankrupt. These include mortgages and other types of "secured" loans, student loans, certain Court awards for "family" matters eg divorce or childcare

Informal solutions

Not all financial crises need end up as formal insolvency situations.

There can be a huge number of possibilities to help struggling businesses by some sort of rescue or restructuring procedure. Remember that Dodd Rescue is backed up by Dodd & Co Limited (Chartered Accountants) which offers a huge resource and wealth of experience in advising the SME sector. This makes Dodd Rescue ideally placed to advise you if you find yourself in a financial crisis.  We are truly objective; we can advise you on both the insolvency route or the recovery route and you can feel confident that we have your best interests at heart.

To find out more about how we can help please call either Carol, Jackie or Jeanette on 01768 864466.