Professional Debt Solutions Ltd (0818 333 517) in Athlone, Ireland, founders of personal insolvency practice Rescue Me, announce an update in its services, offering business owners struggling with potential insolvency secure personalised debt restructuring resolutions and protection from creditors.
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This newly announced update leverages policies outlined in the Insolvency Service of Ireland’s (ISI’s) Strategic Plan 2022 - 2024, offering structured insolvency and debt settlement arrangements business owners can implement to protect themselves from creditors while reaching a tenable financial solution. "Rescue Me," a part of Professional Debt Solutions Ltd, was established in 2010 to help individuals impacted by the 2008 recession and 2009 economic depression secure the proper resolution mechanisms for their needs.
More information is available at https://www.rescue-me.ie
A report from the National Economic & Social Council says Ireland's GDP fell just over 10 percent during the recent depression. By 2012 the economy began to recover, only for COVID-19 to take its toll. A shrinking market, cashflow difficulties, lockdowns, and broken supply chains culminated in a socio-economic disaster that negatively impacted 60 percent of Ireland's businesses. SMEs were some of the hardest hit.
With help from the Approved Intermediaries (AIs) and Personal Insolvency Practitioners (PIPs), at "Rescue Me," business owners facing potential foreclosure, repossession, and/or bankruptcy can avert these threats through financial renegotiations and debt restructuring services developed to keep their finances afloat.
“Whether yours is a single creditor issue or a multi-creditor scenario involving many securities and commercial debts, our insolvency experts will walk you through the personal insolvency journey, explaining the numbers as well as your options with a view toward returning you to solvency and giving you the peace of mind you deserve,” explains a company spokesperson.
The associates at "Rescue Me" say business owners who are unable to pay their bills and unable to set up direct debits due to cashflow problems may already be insolvent. Other insolvency indicators include persistent calls and notifications from creditors, threats of repossession, and personal sacrifices made in an attempt to pay off accumulating debt.
By seeking help from an experienced AI or PIP, individuals can secure protection from creditors while structuring a personalised month-by-month plan for repaying a percentage of their overall debt.
Once these plans are finalised, business owners can rest assured the terms of their negotiated repayment plans cannot be changed while they work toward their goals.
With help from the insolvency experts at "Rescue Me," business owners facing overwhelming financial difficulties can stave off accumulating debt and associated legal action by having their financial commitments renegotiated, and a portion of their debts written off.
Learn more at https://www.rescue-me.ie
Contact Info:
Name: Niall Moran
Email: Send Email
Organization: Professional Debt Solutions Ltd.
Address: 1 Garden Vale Ballymahon Road, Athlone, Westmeath N37 E2T7, Ireland
Phone: +353-818-333-517
Website: https://rescue-me.ie
Source: NewsNetwork
Release ID: 89125875
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