Request a Callback
What is Time to Pay?
How does Time to Pay work?
Typically, time to pay refers to when an undisputed debt that has fallen due is renegotiated under a more manageable payment plan over a specified period. These arrangements are very useful when an unexpected issue arises with the Company’s cash flow.
They are an informal insolvency process and not publicised.
Time to pay arrangements, particularly with HMRC, are regularly used by companies and insolvency professionals as an effective way to spread unexpected costs across a more affordable time period.
At Rushtons, we have successfully negotiated time to pay arrangements for our clients with HMRC, landlords and creditors.
If you feel your Company would benefit from the breathing space granted by a time to pay arrangement, then get in touch to explore how we can assist.
