• 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

    What is the current situation for debt in UK?

    By Mr Bankruptcy

    29th January 2021

    The Covid pandemic has had a serious impact on individuals and businesses, and many people are going to need help with unmanageable debt in the months and even years to come.

    The true extent of the effects of lockdowns and a restricted economy is now being understood and the shocking facts are revealing a story we should all be concerned about:

    • Adults in the UK owed £1,688.5 billion by the end of October 2020.
    • More than 15million, or 23% of the UK population are now in poverty.
    • Approximately 6 million people have fallen behind on at least one household bill during the pandemic, according to Citizens Advice.
    • UK firms could hold £100 billion of unsustainable debt by the time repayments of coronavirus support loans first become due in March.

    Looking forward

    Despite these startling facts, it’s important not bury our heads in the sand about debt matters. Debt places an intolerable amount of pressure on those who have personal or business debts and this strain often leads to issues with physical and mental wellbeing.

    If you have debt, it’s important not to become overwhelmed as this is when a sense of powerlessness to resolve a problem can cause inaction. No matter how difficult your situation may seem:

    • Take time to understand the full extent of your debt problem,
    • Review your budget to see where it’s possible to make savings and ensure you live within your means,
    • Understand which are your priority debts so that you can identify which need to be addresses first,
    • Talk to creditors to explain your situation and seek their advice and support,
    • Talk to friends and family to help you manage the emotional impact of your debt,
    • Seek debt management advice if you can’t find a way to start managing your debts quickly.

    You may know someone who is struggling financially at the moment. Spotting the signs of unmanageable debt in others can help you understand when debt is becoming a real problem. Your support may be needed to help them find the courage to seek more advice and start tackling the situation.

    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 who face unmanageable debt or who are 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.

    Using personal experience to help mediate people out of debt

    By Mr Bankruptcy

    21st January 2021

    Before founding James Rosa Associates in October 2010 Julian Donnelly’s journey to becoming a civil and commercial mediator has been a personal one, after he himself experienced personal bankruptcy following redundancy and a relationship breakdown.

    It was this experience that led Julian to working with the professional firm which supported him through his insolvency and now motivates him to help others with his unique insights into commercial and personal debt.

    Getting to the crux of a problem

    Julian spent a lot of time negotiating settlements on behalf of his civil and commercial clients. As a debt counsellor and debt adjustor, he advises businesses and individuals on debt solution options. Taking the time to understand both sides of a situation ensures that the key issues are identified and discussed, which has been essential in Julian’s role as a mediator.

    Convinced that mediation offers the potential to save time and money for all parties, he also sees mediation as instrumental in retaining a civil and constructive ongoing relationship between all parties.

    Julian’s experience of supporting clients, and working with creditors during challenging times, means that he is very empathic to the positions of both sides, taking time to understand differing perspectives whilst maintaining his neutrality to ensure that he provides an effective mediation service.

    Finding a solution without court involvement

    Well-practised communication skills and an approachable style, as well as nine years at a major high street bank and in a range of corporate roles in different sectors, enable Julian to connect quickly with parties.

    Knowing the time and expense that can accrue when parties aren’t able to resolve disputes without the intervention of the courts, Julian works hard to help parties find a resolution before reaching this stage.

    A member of the Society of Mediators and a CMC Registered Mediator, Julian’s areas of expertise include insolvency, company and shareholder disputes, land and property claims, partnership disputes, cost disputes and matrimonial disputes.

    Mediation offers and opportunity for parties to find a solution that addresses both sides priorities rather than relying on a prescribed court ruling, so hopefully reach a more agreeable outcome.  

    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 who face unmanageable debt or who are involved in civil or commercial disputes. Services include:

    • Insolvency support
    • Mediation
    • Negotiated settlements
    • Personal assisted bankruptcy

    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.