As I sat between my clients, a husband and wife team, I couldn’t help but notice the husband’s constant glances out the window during our meeting. It turns out that my advice to them about their significant business debt had caused him to feel a great deal of anxiety and fear.
This couple was personally liable for their debt, as they were in a partnership rather than a limited company, which made the situation even more challenging. Having been in similar situations myself, both as someone in significant debt and as a creditor, I knew how difficult it could be.
The emotional toll of debt can affect anyone, and the signs of distress are clear – stress, anxiety, sleepless nights, and constant worry about how to pay bills. But there is hope. Taking action and seeking help can make all the difference.
You may struggle to help clients in similar situations as an accountant or bookkeeper. But don’t give up hope. Even if you’re unsure where to turn, a one-on-one chat could be a great place to start.
With uncertain times ahead, it’s essential to take action and seek help to get out of debt. Don’t hesitate to get in touch today.