If you are self-employed or a sole trader, you are personally liable if your enterprise runs into financial difficulty. Here is how we can help.

How to Avoid Personal Bankruptcy

While operating as a sole trader or a self-employed individual is ideal for some people, it is essential to remember that these working styles do not offer the same financial protection as a limited company. If you run into difficulty with HMRC or other debtors, you will be personally liable for the debts. You could lose all your assets, suffer the impact to your credit file and potentially lose your own home.

The business that you have worked so hard to build will be gone and you will be left with absolutely nothing. What is more, your entire personal wealth will have disappeared too. It does not get any more serious than this.

At TaxDebts, we understand that running into financial difficulty is a stressful time. Rather than bury your head in the sand, however, you need to act fast if you want to avoid filing for personal bankruptcy. 

If you are having trouble paying your debts, you need expert advice you can rely upon. This is where TaxDebts can help. We have amassed decades of experience in assisting sole traders and self-employed individuals escape financial distress and turn their fortunes around – and we can help you too. Whatever your situation, we will be with you all the way.

Our Promise

  • We will treat you as an individual, not a business
  • Our initial consultation is completely free 
  • We endeavour to treat your problem as though it was our own
  • You will always be our number one priority 
  • You can reach us whenever you need our support

Get in Touch

Our Approach

Understand Your Needs

When it comes to resolving financial stress, there is no magic formula. Instead, it takes a thorough understanding of the situation to work out what the best course of action will be. TaxDebts realises this, which is why we will take the time to get to know your individual circumstances. Using this knowledge, and our extensive expertise, we will recommend what we think is the perfect solution. Whatever your requirements, you can rely on us to give you the right advice.


Keep All Options Open

The harsh reality is that when you are dealing with some debt advice companies, their expertise only lies in one area – liquidation. As such, they will always try to lead you down that path. TaxDebts is different. We are committed to keeping all of your options open for as long as possible. We have no hidden agenda, so we will never force you down a single course of action. Instead, we will recommend what we think is the best solution and then support whatever your final decision may be. 

Here When You Need Us

If you are trying to fight off personal bankruptcy, you will undoubtedly need a lot of support. That is why our expert team is available whenever you need us. This included both weekends and Bank Holidays. At TaxDebts, our number one priority is to try and secure the financial futures of our clients. Working with us will give you the breathing space you need and peace of mind that you are dealing with a company who only has your best interests at heart.