Bankruptcy
David Henderson asks what happens when a business or person goes bust. He talks to an administrator who deals with companies on the brink and finds out about recent law changes.
This week on Business Scotland we find out what happens when a business or a person goes bust. Every year, hundreds of companies and thousands of people go bankrupt in Scotland. They're usually deep in debt - with no prospect of balancing their books. So, with no way out, they fold. David Henderson speaks to an administrator who's dealt with companies teetering on the brink. He finds out how the law has changed - so debtors must do more to pay back their creditors. And he learns how financial education is helping to stop people going bust again and again.
Last on
Broadcasts
- Sat 4 Jul 2015 06:00大象传媒 Radio Scotland
- Sun 5 Jul 2015 07:30大象传媒 Radio Scotland
大象传媒 News: Business Scotland
大象传媒 Business News: breaking personal finance, company, financial and economic news
Podcast
-
Business Scotland
The stories and issues making the news in business.