• Home
  • About Us
    • Our fees and charges
    • Terms of Business
    • Complaints procedure
    • Agreement to Mediate
    • Team
    • Privacy Policy
  • Consultation
  • Solutions
    • Insolvency Support
    • Negotiated Settlements
    • Personal Bankruptcy Experts
    • Mediation
    • Comparison of Solutions
  • Case Studies
  • Testimonials
  • Blog & News
    • Press & Awards
  • Links
  • Contact us
  • Home
  • About Us
    • Our fees and charges
    • Terms of Business
    • Complaints procedure
    • Agreement to Mediate
    • Team
    • Privacy Policy
  • Consultation
  • Solutions
    • Insolvency Support
    • Negotiated Settlements
    • Personal Bankruptcy Experts
    • Mediation
    • Comparison of Solutions
  • Case Studies
  • Testimonials
  • Blog & News
    • Press & Awards
  • Links
  • Contact us

Advice and support on

  • Insolvency Support
  • Mediation
  • Personal Bankruptcy Experts
  • Negotiated Settlements

Sign up to our newsletter


*no SPAM guaranteed

Recent Posts

  • Give yourself time to think, with the Debt Respite Scheme
  • Preserving your future aspirations in the face of unmanageable debt
  • How sustainable is your debt situation? Your credit report reveals all
  • Strategies for achieving financial freedom from debt
  • Understanding the differences between bankruptcy in England and Wales, and in Scotland

Recent Comments

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • September 2018
    • July 2018
    • March 2018
    • January 2018
    • May 2017
    • January 2017
    • December 2016
    • November 2016
    • September 2016
    • August 2016
    • July 2016
    • May 2016
    • March 2016
    • February 2016
    • January 2016
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
    • December 2014
    • November 2014
    • October 2014
    • September 2014
    • August 2014
    • July 2014
    • April 2014

    Categories

    • Bankruptcy
    • Case Study
    • Economy
    • Events
    • Finance
    • Guest
    • Insolvency
    • Mediation
    • Mr Bankruptcy
    • Newsletter
    • Other
    • Personal Guarantees
    • Press Release
    • Turnaround

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    The link between debt and suicide

    By Mr Bankruptcy

    30th October 2019

    Sadly, in the news last week was another report about suicides directly related to debt. This particular report looked at people who had committed suicide after contact with HMRC, but I think this is being harsh on the taxman. It’s believed that up to 50% of people struggling with unmanageable debt will consider suicide.

    So, as we enter what can be a very expensive time of year, which can often exacerbate a debt problem, it’s important to be aware of the help that’s available.

    Some shocking figures on debt and suicide

    I find the figures illustrating the impact of debt on suicides genuinely shocking and very saddening. In 2018 the Money and Mental Health Policy Institute published a report, called “A Silent Killer”, which highlighted the scale of the problem:

    • In England, over 420,000 people in debt think about taking their life each year
    • More than 100,000 people in debt actually attempt suicide
    • People with debt problems are three times more likely to have considered suicide than people with no debt.
    • Persistent poverty and financial insecurity over a long term put people at greater risk of becoming suicidal
    • Sudden triggers, such as intimidating and threatening letters from lenders, can push people into become suicidal.

    It’s not weakness to talk about your debt problem

    The effect of debt is something we rarely like to talk about. In an earlier blog I discussed supporting vulnerable clients with debt management because we know how profound the psychological impact of debt can be.

    The essential first step in any debt situation is to start talking about your situation and seek specialist advice. This can feel very personal, because people in debt can also be struggling with marital breakdown, unemployment which can lead to mental wellbeing issues.

    However, attitudes to talking about mental health issues have shifted significantly in recent years, especially among men, thanks to some very high-profile champions for mental health in the media and popular culture.

    And it’s important to understand that you aren’t alone in this; not only can debt advice help you navigate to becoming debt free, it’s always done with empathy and support.   

    And many of the case studies I use on the James Rosa Associates website illustrate the fact that despite the range of debt problems people can find themselves in, there is usually a solution to be found, if only you can take that first step and ask for advice.

    James Rosa Associates

    James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors facing unmanageable debt or involved in civil or commercial disputes.

    Our services include:

    ● Insolvency support

    ● Negotiated settlements

    ● Personal assisted bankruptcy

    ● Mediation

    We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.

    Find out if you qualify for a free consultation

    If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email enquiries@jamesrosa.co.uk to find out whether you qualify for a free consultation.

    Take action now to avoid a Christmas debt nightmare

    By Mr Bankruptcy

    16th October 2019

    In August I talked about the importance of supporting vulnerable clients with debt management. Many different factors can cause that vulnerability and the approach of Christmas will only add to the pressure that many people will be under due to unmanageable debt, making us all feel that little more vulnerable.

    Whether you already have debts which are causing you concern or feel you’re heading towards a debt situation you want to avoid, the thought of the additional expense of the festive season is just going to add to your worries. Talking about debt  is not easy but I would always encourage people to take steps to do so and start addressing their concerns as soon as possible. Leaving it until after the most expensive time of year may mean you just have a bigger problem to deal with later.

    Vulnerable clients come to us with debts that have occurred for a range of different reasons, but in each case, we strongly believe that our collaborative approach to find the right solution for our client’s circumstances, and for their creditors, has been instrumental in bringing many people to a better situation. In this way, we continue to help our clients take back control of their debt matters.

    An award-winning debt service recognised by the TRI Awards

    This approach to our work is very important to me, so to recognised for our level of service both to clients and creditors means a lot to us. That’s why we’re delighted to be on the shortlist for this year’s Turnaround, Restructuring & Insolvency (TRI) Awards Personal Debt Solution Provider of the Year. The winner will be announced at a ceremony on 13th November at the Hilton London, Bankside.

    We are also a finalist in the 2019 Collections & Customer Service Awards, in the Debt Advice Provider of the Year category. We’re particularly proud because this award is for those who go above and beyond the conduct and compliance requirements set by our industry regulator to support.

    It acknowledges the importance of the communications strategy and skills we employ to work with all sides. These two principals underpin our approach to working with vulnerable clients. 

    James Rosa Associates

    James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors facing unmanageable debt or involved in civil or commercial disputes.

    Our services include:

    ● Insolvency support

    ● Negotiated settlements

    ● Personal assisted bankruptcy

    ● Mediation

    We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.

    Find out if you qualify for a free consultation

    If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email enquiries@jamesrosa.co.uk to find out whether you qualify for a free consultation.

    Sign up to our newsletter

    Useful links

    • Home
    • About us
    • Consultation
    • Blog & News
    • Press
    • Contact us

    Solutions

    • Insolvency Support
    • Mediation
    • Negotiated Settlements
    • Personal Bankruptcy Experts

    Social

    • Facebook
    • Twitter
    • LinkedIn

    The Old Rectory Business Centre
    Springhead Road
    Northfleet
    Kent
    DA11 8HN

    T: 0845 680 7217
    E: enquiries@jamesrosa.co.uk

    © 2018 James Rosa Associates Ltd. All rights reserved.