support & solutions for business debt
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sole traderHairdresser – HMRC arrears
We were appointed to a hairdresser with a strong client base. However, poor cash management had led to arrears mounting with HMRC.
Libra undertook a free financial health check and considered the options available. Unfortunately, it was determined that sequestration (bankruptcy) of the individual was the only possible solution. However, with the assistance of a family member, the trader was able to setup in business again, purchasing the assets of the business at a fair market value from the Trustee and re-registering with HMRC.