Process: How informal strategies and refinancing works, step by step
If you’re really not sure if an informal strategy and refinancing is an option for you, we’ll help you decide, step by step.
Step 1
Set up a free, no obligation consultation, meet or chat remotely with a qualified insolvency practitioner. We’ll have a frank conversation about whether informal strategies and refinancing is the right option for you.
Step 2
We’ll advise on your potential obligations and ensure you have the ability to fulfil any informal arrangements.
Step 3
As your insolvency practitioner we’ll negotiate directly with your creditors to give you more flexibility to manage your debt sensibly in the long term.
Step 4
We’ll agree appropriate terms, potentially at a more cost-effective repayment rate.
Step 5
You will have achieved a cash flow solution that will allow business to grow, not restrict it.
FAQ's
Informal strategies and refinancing – Bailey Ahmad (babr.co.uk)
There are a number of advantages to this approach including:
- It is inexpensive as negotiations are often dealt with by the individual
- There is no court involvement
- Directors remain in control
- No informal insolvency process is entered into
- The disabilities, obligations and stigma of bankruptcy are avoided
