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<h1>What to do if you&rsquo;re struggling with business debts</h1>
<p>This is a guide on where to get help if you run a small business in the UK and you&rsquo;re struggling with business debt.</p>

Shortcuts

Where can I get help with business debt?

<p>If you&rsquo;re worried about business debt, you should get in touch with <a href="https://www.businessdebtline.org/" rel="follow noopener" target="_blank">Business Debtline</a>.</p>
<p>Run by the Money Advice Trust, Business Debtline is a charity that offers free advice to small businesses and the self employed in England, Wales and Scotland.</p>
<p>If you don&rsquo;t need emergency support, check out their guide on <a href="https://www.businessdebtline.org/fact-sheet-library/getting-ready-advice-ew/" rel="follow noopener" target="_blank">how to prepare for an advice session</a> before you get in touch.</p>
<p>But, if any of the following scenarios are due to happen in the next week, contact them straightaway:</p>
<ul>
<li>you&rsquo;re expecting bailiffs</li>
<li>you have a court hearing</li>
<li>you have to respond to a court letter or form</li>
<li>you&rsquo;re being evicted or made homeless</li>
<li>your gas or electricity is being cut off</li>
</ul>

<p>Or learn how Money Wellness can help with <a href="https://www.moneywellness.com/debt-advice" rel="follow">free debt advice</a>.</p>
<p>All our debt advice is free. Some solutions are free. For others, there&rsquo;s a fee.</p>

<h3>Money worries? [exclaim--orange]Get [underline-3--primary80]free[/underline-3--primary80] debt advice today[/exclaim--orange]</h3>

Help with personal debt

<p>If you also need advice about your personal debt, we&rsquo;ll be happy to help.</p>
<p>We have guides on a range of money-related topics on our website and you can&nbsp;<a href="https://www.moneywellness.com/debt-advice" rel="follow">get advice online or over the phone</a>.</p>

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What to do if you’re struggling with business debts

Small business owner sitting at a desk in her shop going through her finances

Types of debt

<p>There are many forms of debt such as buy now pay later, mortgages, credit cards, energy arrears and benefit overpayments. These debts can be categorised in a number of ways.&nbsp;</p>

Priority and non-priority debts

<p>All debts can be described as either priority or non-priority.</p>
<p>Priority debts need to be dealt with first, as they have the most serious consequences if you don&rsquo;t pay them e.g. you could have your energy supply cut off, lose your home or even go to prison.&nbsp;</p>
<p><a href="https://www.moneywellness.com/guide/what-are-priority-and-non-priority-debts" rel="follow">Find out more about priority and non-priority debts.&nbsp;</a></p>

Secondary Purple 10

<h3>Secured debts</h3>
<p>Debts that are taken out against an asset, e.g. your car or home, are &lsquo;secured&rsquo;. If you can&rsquo;t pay the debt, the creditor can take the asset.&nbsp;</p>

<h2>Secured and unsecured debt</h2>
<p>Debts can also be split into secured and non-secured debts</p>

<h2>Different types of debt</h2>

Debt Advice

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A guide to where small businesses and the self employed can get debt advice

<p>This is a guide on where to get help if you run a small business in the UK and you&rsquo;re struggling with business debt.</p>

What to do if you’re struggling with business debts

Where can I get help with business debt?

Money worries? Get free debt advice today

Help with personal debt

Money Wellness blogs