The views expressed in these blog posts are those of the author and not of James Rosa Associates Ltd. The publication of these posts should in no way be taken as an endorsement by James Rosa Associates Ltd.
By Mr Bankruptcy 25th August 2020 When the Chancellor announced the Job Retention Scheme, commonly known as furlough, millions of employees and businesses breathed a sigh of relief as it provided some short-term security whilst the UK and the world adjusted to managing the global Covid-19 pandemic. Now that the furlough scheme is due to […]
Read moreBy Mr Bankruptcy 17th August 2020 Worry about unmanageable debt could right now be dominating every waking moment of someone you know or love. A recent report by the Money and Mental Health Policy Institute referred to debt as a “Silent Killer” because it can so often be the driver to a suicide attempt. Unfortunately, […]
Read moreBy Mr Bankruptcy 29th July 2020 Figures back in January showed that the average debt per adult in the UK was £31,845, which is 112% of average earnings. If you were a country, you’d have a slightly smaller debt problem than Jamaica but a worse one than the USA. These figures show not only the […]
Read moreBy Mr Bankruptcy 10th July 2020 Many industries and professions have their own specific words and terminology. For those who aren’t a regular part of that industry, jargon can be an impregnable barrier to understanding what’s happening and what you need to do. If you find yourself with an unmanageable debt for the first time, […]
Read moreBy Mr Bankruptcy 30th June 2020 As we see lockdown measures easing, the Government is looking to drive a bounce back in the UK economy, but figures reported in June by the OECD state that our economy is set to decline by 11.5% in 2020. Such an economic decline suggests that many businesses will have […]
Read moreBy Mr Bankruptcy 18th June 2020 In April, The Guardian reported the economic impact of the lockdown would mean households will see a monthly fall in disposable income of £515 per household. In addition, between the 20 and 30 March 2020, 49.6% of people in Great Britain reported “high” anxiety, the most common causes being […]
Read moreBy Mr Bankruptcy 27th May 2020 Many businesses are trying to adapt to new ways of working during lockdown and for those which are also managing existing debts, this additional burden is taking a toll. For many, lockdown is exacerbating debt problems and it can be hard to know what to do next. Managing debt […]
Read moreBy Mr Bankruptcy 19th May 2020 Do you jump when your phone rings? Do you dread opening the mail or reading your e-mails? If you’re being chased by creditors, these can trigger a real sense of dread because you’re worried they contain demands or reminders for payment. The current situation has made this feeling even […]
Read moreBy Mr Bankruptcy 29th April 2020 In March, The Independent newspaper reported that almost a fifth of UK’s small businesses could be gone within a month due to the financial crisis caused by Covid-19 restrictions. This is despite the billions of pounds of support being made available by the UK Government and the changes made […]
Read moreBy Mr Bankruptcy 20th April 2020 Many businesses are learning to switch from business as normal to a day-to-day routine that’s managing change, repurposing resources and mitigating risks raised by Coronavirus. In my role as a debt advisor and adjustor I see a lot of what companies do, and fail to do, when it comes […]
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