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Understanding the Impact of Business Debt on Personal Assets

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May 31, 2024
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As the head of a business, the last thing you want is to find it cannot repay its liabilities as and when they fall due. Whether these debts can lead to personal hardship is a common anxiety for directors, with the fear that the business’ debts can lead to losing their home in the worst-case scenario. How a business’ debt might affect your personal finances will depend on how it’s been set up and…

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