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 […]
Read moreBy 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 […]
Read moreBy 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 […]
Read moreBy Mr Bankruptcy 2nd September 2021 In our previous post Could personal bankruptcy be the right option for you? I discussed when it might be time to consider bankruptcy. But I also appreciate that’s easier said than done. How do you come to terms with taking such a step? The first step is the hardest […]
Read moreBy 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 […]
Read moreBy 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 […]
Read moreBy 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 […]
Read moreBy 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 […]
Read moreBy Mr Bankruptcy 20th May 2021 Earlier this month the government introduced a scheme to provide “breathing space” to help those in debt to get on top of their situation. It is hoped this year alone, 700,000 people who are in debt could benefit from the scheme, with more than £400 million in extra debts […]
Read moreBy Mr Bankruptcy 29th April 2021 Did you know that it may be possible to negotiate a settlement with your creditors? This could clear your debts quicker than you had thought possible, so that you can move on with a debt free life. What is a negotiated settlement? If you have a lump sum of […]
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