The Business Debtline was originally launched in 1992 and its main aim is to provide assistance to the small businesses that are having financial difficulties. In the early years, the Business Debtline only covered the Birmingham area, but later in 2000, the company launched a telephone helpline that covers the entire England and Wales. In 2005, the company expanded its telephone service to assist the callers from Scotland as well. The Business Debtline became the part of Money Advice Trust (MAT); a charity founded in 1991and is a leading organization promoting free and independent advice, in 2004. The company is funded by 12 major banks and the DIT’s Small Business Service.The Business Debtline advisers provide guidance on most debt issues via telephone advice and assisted self-help material. The major issues on which the service provide guidance include the dealing with court proceedings, preparing business budget, avoid repossession of property, understand bankruptcy and limited company insolvency, negotiate with creditors and bailiffs, deal with tax matters and prioritize all debts. A free information pack is provided to each caller called “Dealing with your Business Debts”, which contains information and guidelines to tackle multiple debt situations.A survey was held to determine the usefulness of the service, the results are quite interesting as 88 percent of the callers rated advice given in the information pack ‘useful’ or ‘very useful’ and 98 percent of the callers said the they would like to use the service again.A rough estimate says that in 2005, the service received more than 8,000 calls and these figures are expected to increase with the expansion of the service and recruitment of further advisers. More advisers mean more people will get advice from the advisers on their business problems.The aim of the Business Debtline is to help people from all walks of life to sort out their problems regarding debt and increase their income by getting extra benefits and tax allowances. Let us take an example to illustrate our point. Let us say you may be entitled to apply for the Working Tax Credit administered by HM Revenue and Customs (HMRC). If you are the one who is working on a low income, you can apply for the Working Tax Credit. This will help you to get your interest frozen on your debts and may perhaps come to an agreement with HMRC if you owe any money to them. You will be provided an assistant on all these and many other issues by the advisers. You will be able to cut down your outgoings and increase your profitability.Besides this Business Debtline service, you can also seek help from your local Citizens Advice Bureau. They will also give you free advice on all debt problems. Simply contact them through telephone and they will be there to help you in any way possible.