Important Notice

We are not authorised to give advice to private individuals about personal debt and/or bankruptcy. This page is for information purposes only. However, what we can do is pass your details onto a company that is authorised to help with advice and guidance regarding personal debt solutions.

Confidential Support Available

Dealing With Personal Debt & Bankruptcy in the UK

Support for Directors Facing Personal Financial Pressure

When your business is struggling, personal finances often suffer too. You're not alone — and you don't have to face this in silence.

100% Confidential
No Judgement
Expert Guidance

You May Be Experiencing...

Many directors face these personal financial pressures

Using Personal Credit

Using personal credit cards or loans to support the business

Falling Behind

Falling behind on personal loans, credit cards, or tax payments

Legal Pressure

Worried about CCJs, bailiffs, or enforcement action

Uncertain Options

Unsure whether bankruptcy is the only option available

Career Concerns

Afraid your personal situation will affect your company or career

Personal Guarantees

Business loans that you've personally guaranteed coming back to you

At Tenable Business Support, we give directors calm, confidential guidance on every aspect of personal debt.

Including bankruptcy, IVAs, DMPs, debt relief orders, and how these affect your directorship, credit, and future plans.

Why Personal Debt Happens to Directors

Director-level financial problems often come from circumstances outside your control

Cashflow Collapse

Sudden revenue drops or delayed payments that drain reserves

Bad Debtors

Clients who don't pay, leaving you to cover the shortfall

HMRC Pressure

Tax demands that escalate quickly without the right support

Personal Guarantees

Business loans you've personally guaranteed affecting your finances

Rising Costs

Market changes and inflation eating into your margins

Protecting the Business

Using personal funds to keep the business afloat

None of this means you've failed.

It means you did everything you could.

We help you regain clarity — and protect your future.

Plain English — No Jargon

Your Options for Personal Debt in the UK

Explained clearly — no judgement, just honest guidance

1. Bankruptcy

Sometimes bankruptcy is the fastest way to reset, rebuild, and move forward.

We explain:

  • What bankruptcy really means and what happens during the process
  • How it affects your home, car, and assets
  • What happens to personal guarantees
  • How long it lasts and when you're discharged
  • How it affects your ability to be a director
  • Whether it's actually the right choice for you

For many people, bankruptcy is far less damaging than they fear.

2. IVA (Individual Voluntary Arrangement)

A structured plan to write off unaffordable debt and repay what you reasonably can over time.

We help you understand:

  • Monthly affordability and realistic payment amounts
  • Impact on your credit rating and financial future
  • How creditors vote and what happens if they reject it
  • Whether an IVA protects your home from creditors
  • When it's better than bankruptcy — and when it isn't

3. Debt Management Plan (DMP)

An informal plan that stops interest and reduces payments.

Useful when:

  • You have multiple creditors to manage
  • You want flexibility without formal agreements
  • Bankruptcy or an IVA feels unnecessary for your situation

We explain the pros, cons, and long-term impact so you can make an informed decision.

4. Debt Relief Order (DRO)

A low-cost option for people with small debts and limited assets.

If you qualify, it can be a simple way to reset your finances — we'll tell you honestly if it's suitable for your circumstances.

Eligibility matters: We'll assess if you meet the criteria and guide you through the application process.

How Personal Debt Affects You as a Director

Understanding the wider impact on your life and career

Stress & Decision-Making

Financial pressure clouds judgment and impacts strategic business decisions

Personal Relationships

Debt can strain family relationships and create tension at home

Mental Health

Anxiety, sleeplessness, and constant worry about the future

Focus on the Business

Difficult to concentrate on growth when personal finances are in crisis

Director Eligibility

Understanding how bankruptcy or IVAs affect your ability to act as a director

Financial Future

Credit rating impact and ability to borrow or secure funding in the future

We help you understand the practical and legal impact

Most importantly, we show you how to protect yourself, regain control, and plan for a better future.

Clear guidance. No surprises. No judgement.

Our Approach: Calm. Honest. Confidential.

What you can expect when you speak with us

One-to-One Confidential Support

Private, discreet conversations where everything stays between us

Clear Explanations of Every Option

We break down complex debt solutions into plain English you can understand

A Stress-Free Space to Talk

No pressure, no sales pitch — just a safe environment to explore your options

A Practical Plan to Regain Control

Actionable steps tailored to your specific situation and circumstances

No Judgement — Ever

We understand how you got here. Our job is to help you move forward

"Many directors tell us they feel better after the first 10 minutes."

That relief comes from finally having clarity — and knowing you're not alone.

Why Speak to Tenable Before Making Any Big Decisions?

Because panic decisions often make things worse

Declaring Bankruptcy Too Early

Many people think bankruptcy is their only option when there are better alternatives. We help you explore all routes before taking an irreversible step.

Ignoring Until Enforcement Starts

Waiting until bailiffs arrive or CCJs are issued drastically reduces your options. Early intervention protects you and gives you more control.

Paying the Wrong Creditors

Not all debts are equal. We help you prioritize what to pay first to avoid legal action and protect your essential assets.

Making Choices Without Understanding

Every debt solution has consequences. We ensure you understand exactly what happens next before you commit to anything.

A Single Conversation Can Prevent a Long-Term Problem

Don't let panic, fear, or embarrassment drive your decisions. Talk to someone who understands director-level debt and can give you honest, practical advice.

Free, confidential call — no obligation

Ready to Take Back Control?

Your personal finances don't define you — and there are always options.

No pressure. No judgement. Just clear, honest guidance from someone who understands.

Call Direct

Speak to our team

Fast Response

Usually within 2 hours

100% Confidential

Private & secure