Your Questions, Answered

Straight answers to the questions we are asked most.

  • Yes. Every conversation with Bermuda Debt Advisory is confidential. Nothing is shared with creditors, lenders, or any third party without your explicit instruction.

  • No. In fact, the opposite is often true. Businesses that seek advice early, before insolvency becomes unavoidable, generally have more options - including avoiding formal insolvency altogether.

  • Pre-insolvency advisory focuses on assessing your position and options while the business is still trading and solvent (or approaching insolvency), with the goal of restructuring, refinancing, or stabilising the business. Formal insolvency (such as voluntary administration or liquidation) is a legal process that typically follows once other options have been exhausted.

  • Directors have specific legal duties, including duties relating to insolvent trading. These duties and their application to your circumstances should be confirmed with a qualified legal advisor. We work alongside your legal advisor to help you understand your position and options.

  • The initial consultation is confidential and obligation-free.

  • Timing matters in financial distress situations. We prioritise urgent enquiries and can typically arrange an initial conversation within the hour.

  • Alongside them. We regularly work in coordination with a business's existing broker, accountant, and legal advisors to ensure advice is aligned and properly implemented.

  • We work with SME businesses across a broad range of industries. Every engagement is tailored to the specific dynamics of your business and sector.