Free advice for businesses in financial trouble during credit crunch

Insolvency advisors are offering a free hour of impartial guidance to business owners in financial trouble during the credit crunch.

The initiative is being co-ordinated by R3, the professional body for insolvency practitioners.

It wants businesses to seek advice as soon as they realise that they are in financial difficulty, as they may be able to negotiate informal solutions with creditors rather than wait until a corporate voluntary arrangement (CVA) or administration is unavoidable.

R3's website