Finance | James Rosa Associates

The cost of debt is not just financial

By Mr Bankruptcy 7th December 2021 Each person’s journey into debt is unique, but rarely is it a journey of reckless financial management. Rather a combination of circumstances lead to difficult decisions, resulting in debt and for the individual, the consequences go beyond the financial. The physical and mental cost Due to the pandemic, six […]

How did the autumn budget help businesses?

By Mr Bankruptcy 23rd November 2021 Now that we’ve had time to let the dust settle on the Chancellor’s autumn budget and digested the vast amount of press coverage, have you taken time to reflect on how the changes will impact your future financial prospects? Below I’ve done my best to distil the most significant […]

Are we heading for hard times as the cost of living rises?

By Mr Bankruptcy 28th October 2021 After a financially challenging 18 months, a rise in the cost of living will add more pressure to already stretched household and business budgets. What action can you take to avoid falling into unmanageable debt? Inflation is going up This October, the rate of inflation was reported to be […]

11 years of debt advisory services

By Mr Bankruptcy 11th October 2021 This October is James Rosa Associates’ 11th Anniversary. During that time a lot has changed in the world. In 2010, David Cameron became Prime Minister in coalition with the Lib Dems and an ash cloud from the unpronounceable Icelandic volcano Eyjafjallajokull grounded every passenger flight in the country. Yet […]

Are company directors liable for their business debt?

By Mr Bankruptcy 29th September 2021 When company directors set up a limited company, in part this decision is driven by the desire to limit personal liabilities if the business gets into financial difficulty, but are they fully protected from all liability? What is a financial liability? Liabilities are monies or debts owed by a […]

Lessons to be learned from “Buy Now Pay Later” debt

By Mr Bankruptcy 21st September 2021 Buy Now Pay Later (BNPL) schemes have come under scrutiny recently due to the huge increase in demand for these services but are there lessons to be learnt about a borrowing option that seems too good not to take? What is BNPL? BNPL offers a convenient way to pay […]

HMRCs “cautious approach” offers hope

By Mr Bankruptcy 21st July 2021 There’s been a lot of concern over the long-term viability of many businesses struggling with mounting debts as a result of the ongoing impact of Covid-19, but HMRC is offering a potential ray of light to cut through the dark clouds that still loom overhead. Insolvency enforcement as a […]

What happens if my business can’t repay its Bounce Back Loan?

By Mr Bankruptcy 29th June 2021 Bounce Back Loans (BBL), which were introduced to help businesses stay afloat during the pandemic, have been in demand with more than 1.5 million businesses taking advantage of the scheme. However, with the first repayments due in June, what will happen to those businesses which will struggle to repay […]

Will lifting the ban on winding up petitions herald a coming storm for businesses?

By Mr Bankruptcy 17th June 2021 The ban on winding up petitions during the Covid-19 pandemic has been a lifeline for many businesses. Yet, with this ban now due to be lifted at the end of September, are many businesses facing a financial storm they aren’t yet ready to weather? The impact of banning winding […]

We need to talk about debt

By Mr Bankruptcy 2nd June 2021 People in the UK owed £1,712.9 billion at the end of March 2021; the Citizen Advice Bureau in England and Wales was dealing with 1.673 debt issues every day in the year to April 2021. For many people struggling with unmanageable debt, being able to talk about it should […]