Debt arrangement options
You can choose between a number of options when arranging your company's debts. The form of your business and the extent of its financial difficulties are the factors that you should consider when selecting the method. Advice for selecting the right method is available in the Talousapu service of Enterprise Finland and in your regional business development company.
Preparing a payment plan
If your company’s payment problems are temporary, you can try to negotiate debt arrangements directly with your company’s creditors. Contact your creditors yourself and draw up a plan for paying your company’s debts separately with each of them.
Debt arrangement for a private person
If you are a private entrepreneur and your company’s payment problems persist, you can seek a debt arrangement for a private person. In this option, both your company's debts and your personal debts are arranged with the help of a payment programme.
Note that the debt arrangement for a private person cannot be used by limited liability companies, general partnerships, limited partnerships or cooperative.
Corporate reorganisation and accelerated reorganisation proceedings
If rehabilitating your company's finances requires large scale actions, you should file for a corporate reorganisation or accelerated reorganisation proceedings. In them, a reorganisation programme aimed at rehabilitating your company on a comprehensive basis, is prepared for your company.
Both options can be used by all types of companies.