www.company-debt.co.uk

[Adi Peters]

I am looking at the option of a pre pack for my business but can not afford the required payment up front. Can I pay in stages over the course of a few months?? Thanks for any advice

[Derek Cooper]

Hello Adi and welcome

It is often acceptable to agree with the administrator of the old business that you will pay the agreed amount for the purchase of the business assets over a period of time. This would allow the new company to build up its revenues and make the payments as it can afford to do so. However this situation is not always appropriate and would make up part of the negotiation of the sale and purchase agreement.