Insolvency | James Rosa Associates

Where can I find debt advice in the UK?

By Mr Bankruptcy 16th April 2024 If there’s one common theme to my blog posts, it’s to encourage anyone in the unenviable situation of facing unmanageable debt to seek advice. I’ve been there myself so I know how difficult it can be to own up and ask for help. Another issue is whether that advice […]

How Tailored Financial Reconstruction™ can help people get out of debt

By Mr Bankruptcy 27th March 2024 Many people find themselves facing unmanageable debt every year, but the reasons for getting into that position can be as varied and numerous as the people who come to us for help. So, when we are approached by a new client, the first step is for one of our […]

What does a bankruptcy consultant do?

By Mr Bankruptcy 26th February 2024 With the monthly number of people declaring bankruptcy in the UK reaching 6788 in January, compared to a 25-year low of 2374 in January 2021, the bankruptcy consultancy service at James Rosa Associates is getting more and more busy, unfortunately. But what does a bankruptcy consultant actually do? Guiding […]

Some ideas for reducing your debt interest repayments

By Mr Bankruptcy 14th February 2024 When it comes to debt interest, nations can have similar debt problems to businesses and individuals. According to the Office of Budgetary Responsibility, the UK spent £110 billion on debt interest alone in 2023. That’s around £5 billion more than the education budget. At over 10% of total government […]

Times are still tough for businesses

By Mr Bankruptcy 15th November 2023 Times continue to be tough for businesses and last quarters’ insolvency figures clearly demonstrate just how difficult it still is for business owners to avoid unmanageable debt in a challenging operating environment. Insolvencies are on the increase The most recent government figures revealed that between 1 July and 30 […]

What happens to a director of a company that goes into liquidation?

By Mr Bankruptcy 26th October 2023 If you are a director of a business in financial difficulty you will probably be under a fair amount of stress. You may be fully occupied planning the next steps for your business and thinking about employees, but spare a thought for your own future and how you could […]

What happens to employees when a business goes into administration?

By Mr Bankruptcy 20th October 2023 Financial uncertainty looms over many businesses, no matter their size. With the likes of Wilko going into administration and putting 12,000 UK jobs at risk, it’s important to understand the impact to employees should the worst happen and your business has to bring in the administrators. It’s also critical […]

UK business insolvencies are on the rise

By Mr Bankruptcy 22nd June 2023 There was a lot of speculation during lockdown that many businesses would struggle to survive once the economy opened up again and that insolvencies would increase. Since the end of lockdown, financial insecurity seems to have got worse and the general feeling is that an even greater number of […]

What do you do if you can’t afford to pay your business taxes?

By Mr Bankruptcy 5th June 2023 If you’ve fallen behind with paying your corporation tax, it’s important you understand the options available to you to so you can work to resolve the matter. What happens if I miss a payment? Corporation tax is payable on the profits of your business and on capital gains with […]

Five common ways to get your life back after falling into unmanageable debt

By Mr Bankruptcy 3rd May 2023 If you are in debt, there’s a number of ways that may be available to you to help you manage them and to resolve any dispute you are in with creditors. What debt management solutions are available to you? The following are some of the most common solutions used […]