People and businesses are caught in a borrow-and-spend cycle that results in ever-increasing debt. According to a report from the National Audit Office (NAO) up to 8.3 million people in the UK are unable to pay off debts or household bills. Average UK household debt now stands at record £15,400. A growing number of small business owners and self-employed people are facing high levels of debt as they struggle to keep their businesses afloat. When people get sucked into the whirlpool of unmanageable debt, they often end up facing recovery action by their creditors and in many cases bankruptcy. All people or businesses are not wilfully evade paying their debts. Most try to pay as much as they can to clear their debts. But when you face recovery action through bailiffs you may end up losing what little processions you have to carry on with your personal life or business. You may lose items of sentimental value, equipment & tools or stock that is necessary to earn your bread and butter. With equipment like laptops and computers taken away, you may also lose all your data on those items and in many cases that data is irreplaceable. With the things taken away to get sold at auction, you are further burdened with extra charges that will further increase your debt figure. In real terms, it is counterproductive for the debtor. On the other hand, bailiff’s main aim is not to take away your possessions, but to recover debt from you, most of the times under threat of losing your possessions. It is a complicated situation. But asset hedging can be the solution. We hedge most types of assets including stock and inventory. Our asset hedging products and services cater both to PERSONAL and BUSINESS clients. Asset hedging can also provide you with a protective bubble for your premarital assets so that creditors cannot come after you to cover your partner’s debts even in the case of a relationship breakup.

PLEASE NOTE: We do not give legal, financial or debt management advice. We cannot hedge assets that are already subject to the High Court Writ of Control, Warrant of Execution, Charge of Payment, Controlled Goods Agreement, Interpleader Proceedings, Hire Purchase Agreement, Confiscation Order under The Proceeds of Crime Act 2002, Hypothecation and if the Bankruptcy Application has already been made against you or your business. We also do not hedge liquid assets like cash and bonds. Our services are available only in the mainland UK.

If you have a query or questions, please contact us at contact@assethedge.co.uk