Personal Debts

Personal Debts | Directorsí Guarantees

Personal Debts arising from Business

When your business is struggling it is sometimes common to use your personal credit to fund your business operation costs. This means that if the business struggles to trade you could be left with debts that you must deal with personally.

Personal Guarantees | Directorsí Guarantee

It is not uncommon for banks and credit providers to offer loans on a personally guaranteed basis. This is a safeguard for the banks making the loan. Any shortfall on the loan from the company will then fall onto you personally. This type of loan would then be dealt with in the same way as you would deal with any personal debt.

Dealing with Personal Debts

If you are Self Employed, in a Partnership, or part of a Limited Company and you have personal debts separate to the business, there are debt solutions available to help you get back on your feet. It can be a very stressful situation for you, never mind having to run a business. You or your company should not have to suffer due to any financial challenges that may come your way. offer guidance and help for people and business suffering with debt. Give our professional Debt Advisors a call and we will be happy to discuss any debt, financial or business matters with you.

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Once We Receive Your Dtails Our Business Debt Advice Team Will Look At Your Case And Be In Touch Asap.

Personal Debt Solutions


The IVA is available to people with debts in the UK and Northern Ireland. It is a formal debt solution between you and your creditors.

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Debt Management

A Debt Management Plan is an Informal Agreement between you and your creditors where you pay back your debts at an affordable monthly rate.

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Personal Bankruptcy

Bankruptcy is the legal term given when you are unable to pay any of your debts. It can be a very daunting process and also puts threats on your business.

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Consolidation Loan

Debt Consolidation is a method used by many people to consolidate their debts into one lower affordable payment.

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Fact Find Form

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Limited Company

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Useful guides

We have an extensive range of guides to provide you with all the information you need to help you and your business.
View guides here

About us

Business Debt Advice is owned by McCambridge Duffy who are one of the leading Insolvency firms in the UK and have been in the financial industry since 1932. McCambridge Duffy solely provide IVAs and other Insolvency solutions.

On our site you will find information on debt solutions, both formal and informal. We provide this information so you have a clear overview of the options available for dealing with your debts. We do not offer informal debt solutions, so if an insolvency solution is not your recommended course of action, with your permission, we will refer you to an appropriate agency/provider that can assist you further.