P pache Registered User Messages 48 12 Jun 2012 #1 Hi folks, just want to hear from anyone about an overdraught i cant make inroads into at the moment.Its unsecured so does this give me any barganing power with the lender as i could with some breathing space at the mo.
Hi folks, just want to hear from anyone about an overdraught i cant make inroads into at the moment.Its unsecured so does this give me any barganing power with the lender as i could with some breathing space at the mo.
Brendan Burgess Founder Messages 55,154 12 Jun 2012 #4 Are you operating as a sole trader or through a limited company? If you are a sole trader, it isn't that relevant whether it is secured or not. Even if you cease to trade, you are personally liable for the debt. If it's a company, you could put the company into liquidation.
Are you operating as a sole trader or through a limited company? If you are a sole trader, it isn't that relevant whether it is secured or not. Even if you cease to trade, you are personally liable for the debt. If it's a company, you could put the company into liquidation.