In this video, Jacqueline explains how to communicate with creditors and what to do if you can no longer pay the costs or debts. Creditors are relationships you need to do business. This can be suppliers, the bank or the tax authorities. If you can pay these agencies within the agreed term, there is no problem. When you cannot pay the creditors, debts arise. Creditors keep track of which entrepreneurs have paid or not. As soon as you are in arrears, it is important to contact your creditors directly. Indicate why you cannot pay the remaining amount. This could be because a large client, who still owes you money, will only pay in a few months. Provide a clear insight into your situation. Also indicate when you can pay the amount. This way you maintain a good relationship with the creditor.
If you cannot pay the creditors over a longer period of time, make a payment arrangement. With a payment scheme you make agreements about paying the outstanding claims in parts. It also discusses in which terms payment will be made and what the amount of the partial amounts will be. You can also make a payment arrangement in collaboration with a debt relief organization. They will also help you communicate with the creditors