Bankruptcy Archives - James Rosa Associates Archive

Key questions to ask yourself when managing your debt

By 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 […]

Understanding debt jargon

By 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, […]

What will be the impact of lockdown on business insolvency?

By 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 […]

Do you know the financial impact lockdown has had on you?

By 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 […]

The road to managed debt

By 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 […]

How to find some “breathing space” when being pursued over debts

By 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 […]

What should businesses be doing during the coronavirus pandemic to protect themselves?

By 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 […]

What does the future hold?

By Julian Donnelly 9th April 2020 As I am writing this, we find ourselves in the middle of a lockdown due to the COVID-19 pandemic. Needless to say, these are unprecedented times and nobody can be certain what the future holds. A lot of people have said to me that I must be really busy […]

Managing debt in a time of Covid-19

By Mr Bankruptcy 31st March 2020 The financial impact of the Covid-19 emergency is yet to be fully revealed but it is undeniable that it will be serious. For people already in debt, the stress of losing income can seem too much. To help you navigate your finances at this time, we have some key […]

Time to call in expert debt advice for your clients?

By Mr Bankruptcy 19th March 2020 I hope I’ve made my mission at James Rosa Associates clear: “To be recognised as the most trusted source of debt advice and support in the UK with a reputation for excellence and integrity”. I work hard every day to achieve this aim, to support individuals, professional advisers and insolvency practitioners […]