Business Debt

Help to get your business’ finances back under control

It’s not uncommon for businesses to land up in a spot of financial bother from time to time.

Managing debt can be an incredibly stressful part of operating your business. We can help you get back in control of your business finances. Start with a free Debt Assessment.

What is Business Debt?

Business debt is when your business owes money it cannot pay at this time or is owed money. We’ll be discussing the former, the money you owe to others, which includes payroll, business loans, business tax debts. Your situation may be because business is slow, or you’ve had some unexpected business expenses. Either way, there are options available to help you get back in control of your business finances.

Get your free debt assessment

How to reduce business debt?

As with personal debt, there are always steps you can take and options available should you find yourself struggling with business debt. The most important thing is to not give up. Here are a few steps to get you started:

  1. Take action sooner than later
    It’s important to tackle the problem as soon as possible, the longer you leave it, the harder it will be to resolve.
  2. Assess your current situation
    You’ll need to make a list of all the money you owe, and all the money you are owed so you can assess your current financial situation. If you haven’t done so yet, consider setting up a bookkeeping system, or hire a bookkeeper or accountant to help you manage the business’ finances.
  3. Prioritise your debts
    Identify what you can afford and when. Setting up a budget can help you understand your current cash flow situation as well as help you identify which debts should be dealt with first.
  4. Chase up your unpaid invoices
    Following up on late payers or non-paying customers can potentially bring in some much-needed income to help the business get back on track.
  5. Negotiate with your creditors
    Get in touch with the creditors you owe money to and see if you can come to an agreement to avoid penalties. Let them know your current circumstances. Discuss your options such as payment plans, financial hardship provisions and potential extensions to payment dates.
  6. Speak to your bank
    Often banks are able to give you some assistance. Contact your bank to discuss your situation, their financial hardship provisions and other options to help you get your business finances back under control.
  7. Seek financial advice and support
    There is a range of free financial services available to people who need financial advice around their debts. Seek out some support to help you identify a debt management plan for your business. Debt Negotiators can help you understand your current situation and options available. We start with a free Debt Assessment.

What are my business debt relief options?

Your business debt doesn’t have to mean it’s the end of the line. There are options available to you. Debt Negotiators can help you weigh up your options and develop a professional debt relief strategy. Our services include:

Free Debt Assessment

We offer an impartial free debt assessment to help you identify the extent of your current situation and analyse the options available to you.

Debt Consolidation

Debt Negotiators can help your business find favourable business loans for debt consolidation, helping simplify your situation through a single monthly payment at a reasonable interest rate.

Voluntary Administration

Voluntary Administration is a formal insolvency appointment that allows the company breathing space to get their finances back on track and continue trading, if possible.


Liquidation is the process of selling a company’s assets and using the funds to pay the company’s debtors before winding up the business. We can support you with:

  • Provisional Liquidation
    Is a temporary measure used to protect your business assets in certain circumstances, such as a dispute between shareholders and the company.
  • Court Liquidations
    A Court Liquidation is when the court has deemed that a company should be liquidated and appoints an Official Liquidator to act.
  • Members Voluntary Liquidation
    Members Voluntary Liquidation (MVL) takes place when a company is winding up its business while it is still solvent in an orderly manner.
  • Creditors Voluntary Liquidations
    A Creditors Voluntary Liquidation is when a business is failing and is insolvent, and allows the Liquidator to wind up the business, pay off debts where possible and investigate the cause of the business failure as well as investigating any potential breaches of the law by individuals within the business. Once the Liquidator has completed, the Liquidator will deregister the company with ASIC.

Contact Debt Negotiators today to discuss your options and identify a debt relief strategy suitable for your current business debt issues.

Where can I get business debt help?

There are a number of ways in which your business can get advice, help and support in times of financial hardship. You can get free advice from:

Business Tax Debts

Keeping up with your business tax obligations can be one of the most challenging aspects of managing your business finances. Many a business has been caught at the end of the financial year with a huge tax debt and no finances to pay it off. However, there is no need to despair as there is help available to keep your tax debts under control and get them paid off.

Debt Negotiators is here to help. We have been able to help business deal with their business tax debts by employing a number of strategies:

  • Negotiating agreeable payment arrangements with the ATO
  • Helping businesses find favourable business consolidation loans to help pay off their ATO tax debts
  • Investigating business refinancing options and more.

How do I pay off tax debt?

Your best course of action to pay off a business tax debt is to contact the ATO and arrange a payment plan. In many instances, your business will be able to arrange a better interest rate by taking out a business loan with favourable interest rates to pay off your tax debts. At Debt Negotiators, we have access to a wide range of lenders, including financial institutions and banks, allowing us to negotiate the best loans and mortgage refinancing solutions on your behalf.

How can I get rid of my business tax debt?

To get rid of your business tax debt, we recommend you:

  1. Take action sooner than later
    Contact the ATO as soon as possible to discuss your payment options and arrange a payment plan. If you are struggling to negotiate a favourable outcome, contact us and we can negotiate on your behalf.
  2. You have two options for paying off your ATO business tax debt:
    1. Make regular payments based on your agreed ATO payment plan.
    2. Apply for a business loan to pay back your tax debt. We have been able to arrange better interest rates for our clients than what the ATO offers to help them pay off their business tax debts.
  3. If you are simply unable to make repayments due to your current business debt situation, book in a free Debt Assessment and we can help you identify the best course of action to take to get out of your business debt situation.

Can I get a consolidation loan to pay off tax debt?

A Debt Consolidation loan can be utilised to pay all types of debts including tax debts. It is often best to speak with the tax office to attempt to enter into alternate arrangements as the interest charges on consolidation loans may be higher than the interest charged by the tax office.

Your Business Debt Specialists

At Debt Negotiators, we are experienced in helping business with their debt, including supplying impartial advice and helping businesses develop tailored debt relief solutions. Between our experienced and friendly team, and our network of lenders, we are well placed to help you identify the best solutions to get out of your business debts, including ATO tax debts.

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