Whether your business owes money to someone or has money owing to it, managing debt can be a stressful part of operating a business.

There are positive steps you can take to help you recover money, deal with your debt and prevent debt issues in the future.

How to deal with your business debt

There are a number of reasons for having a business debt. These might include having a business loan, unexpected circumstances or a slow business period.

If your business is in debt and you want to get your finances back on track, read our information on what to do when you're in debt. You can find information to help you manage and reduce your debt, including:

• prioritising your debt
• how to deal with creditors
• where to find advice and help.

How to recover money owing to you

Not getting paid on time can seriously affect the cash flow and profitability of your business.

If you're having problems recovering money that others owe you, find out what to do when you haven't been paid. This information covers:

• debt collection
• dispute resolution
• where to find help and advice
• legal action.

How to prevent debt

Taking simple steps can help you prevent disputes and unpaid debt by your creditors. Find out what to do before it becomes a problem by reading our information on preventing unpaid debt.