Bankruptcy | James Rosa Associates

Borrowing your way out of debt: Can I borrow like a country?

By Mr Bankruptcy 26th June 2025 In both personal finance and national economics, debt is a powerful tool – but also a potential trap. The idea of “borrowing your way out of debt” may sound contradictory but it’s something I hear from individuals, companies, and governments. The sustainability and consequences of this approach, however, vary […]

Preserving your future aspirations in the face of unmanageable debt

By Mr Bankruptcy 7th May 2025 Unmanageable debt is more than just a financial burden, it comes with deep emotional and psychological costs to individuals, to their business partners and family members. It can affect every aspect of their life. But it can also affect a person’s ability to fulfil their potential, curtailing their future […]

Understanding the differences between bankruptcy in England and Wales, and in Scotland

By Mr Bankruptcy 17th March 2025 Bankruptcy is a complicated and stressful process to go through, but is it worse depending on which side of the border you live? It’s reassuring to know that both legal systems aim to give people who are struggling with unmanageable debt a fresh start. But there are some important […]

The link between debt and poor mental health

By Mr Bankruptcy 28th February 2025 As a debt advisor, I deal with all sorts of clients – from individuals, to sole traders, to directors of companies. The nature of their problem can be just as varied: the cost of living is hitting individuals and families hard; small businesses are being squeezed out by high […]

Does my bankruptcy affect my partner?

By Mr Bankruptcy 18th February 2025 In the 12 months ending 30 June 2024, one in 457 adults in England & Wales went into bankruptcy, according to government figures. Bankruptcy can be the most appropriate step to take for an individual or a business facing unmanageable debt, but it can also signal emotional anguish and financial […]

Making sure a small debt problem doesn’t become an unmanageable problem

By Mr Bankruptcy 30th January 2025 Fans of Ernest Hemingway might be familiar with the following from his 1926 novel, The Sun Also Rises: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Some things never change, and it’s just as true for businesses and even nations as it […]

How to deal with problem debt as a small business owner

By Mr Bankruptcy 16th January 2025 You had a great idea for meeting a need or solving a problem, you spotted a niche in the market and you decided to take the plunge and set up a small business or become self-employed. You turned your idea into reality, but instead of enjoying the rewards for […]

Let’s talk about debt

By Mr Bankruptcy 27th November 2024 How do you raise the subject of debt with someone you know or love? We like to think that in these modern times we can talk about the most intimate matters with people we care about. Barriers to some taboo subjects such as mental health or sex are being […]

Bankruptcy – it’s not the easy way out that some people think

By Mr Bankruptcy 15th November 2024 A few years ago you, couldn’t switch on the television without seeing a TV money guru urging some young person or family to get a grip on their spending and control their spiralling debts. The subject of the programme would be young men and women in modestly paid jobs […]

How to prepare for your first consultation with a debt advisor

By Mr Bankruptcy 16th October 2024 Clients I meet who face an unmanageable debt and may be considering bankruptcy are usually under a lot of stress. Many of us have never been in this situation before (I have so I do understand). But if you’ve already made the decision to do something about your problem […]