Self-Employed & Company Directors

Dealing with Debt While Running a Business

This page is your guide to Scottish trust deeds for self-employed sole traders and for owner-managers of small limited companies (who may also be company directors).

People who operate their own business are especially exposed to debt problems. The risks involved have been highlighted and further magnified during the Covid pandemic. Variable personal income and business disruption can both easily result in the use of personal credit during tough trading periods.

Thankfully, operating a business does not prevent you from taking steps to tackle your debts. However, there are some additional factors that you should take into account which we explain in greater detail below.

For expert personal debt advice, please contact us.