When you make an iva you will not be the subject of office gossip
You have reached the end of your tether. You are fed up with people calling you and asking you for money that you do not have and are thinking that declaring yourself bankrupt is the only way out of this mess. If that sounds at all like the situation you are in then there are other avenues that you can explore. First of all you need to get your running costs down and saving money on the office supplies is a good place to start. With your iva in place, you are able to keep your attention focused on your business and make as many savings as possible. With the proliferation of online stationery suppliers these days, you can take advantage of the stiff competition and buy stock at up to 80% off the recommended retail prices in shops.
Unlike when you are declared bankrupt, your name will not be printed in the local papers for all to see when you enter into an iva with your creditors. The agreement is legally binding too, so the companies you are indebted to are not allowed to hassle you or seek to change the terms of the arrangement while it is in force. This means you will not have to have your dirty linen aired in public and can deal with suppliers with your head held high. If you need advice on your office supplies strategy then most web based companies are more than happy to discuss this with you by telephone.
