Receipt of a CCJ

It’s no joke when your business runs out of cash. One day your operation is humming along nicely, doing profitable business, and the next, everything is under threat. All because your bank account is empty at a time when you need to make an important payment.

If your business has received a County Court Judgement (CCJ) against it for payment of a debt, the time to act is now.

Your business can survive the judgement against you, but every day that you delay reduces the chances of this being possible. Having secured a CCJ, your creditor will begin taking steps to collect payment.

In the worst case, you’ll find bailiffs entering your premises, with instructions to secure your property in order to recover the money owed. If you are to retain any commercial credibility, you don’t want matters to get this far.

How to survive a CCJ

Whatever the story leading to the judgement against your business, the best way to end it is to find a way to resolve your dispute with the creditor.

There are several different approaches to helping a business recover from a major debt problem. All of them start by seeking professional help from an independent third party, such as an insolvency practitioner or a business recovery specialist.

While your situation may feel difficult, and potentially hopeless, it is far from unique. Every month, hundreds of small firms across Britain run into financial difficulties. By turning to an independent specialist, you are coming to someone who’s dealt with these situations over and over again.

You can benefit from the experience of others, and from financial solutions that you may not have previously been aware of.

What can a business recovery specialist do for you?

You want your business to come through its current cash flow crisis, maintaining as much of its value as possible. This could be an opportunity to restructure and refinance the business, putting it on a stronger footing for the future.

These are just some of the benefits to be had from working with Business Recovery. As independent experts, we will review your situation objectively, assessing the opportunities and vulnerabilities.

We can then recommend the actions which will give your business, and your personal income stream, the best chance of survival.

Don’t let a CCJ bring your business down

If your business is being pursued through the courts for unpaid debts, at whatever stage, why not give Business Recovery a call right now to see how we can help.

We’ve worked with hundreds of business owners facing serious financial problems, despite running operations which are profitable. We’ve helped them to find the funding they need to turn the situation around and to recover their business, often at very short notice.