By Mr Bankruptcy 18th January 2022 The government has introduced a raft of measures during the covid pandemic to protect businesses, including a halt to winding-up petitions against viable businesses. From 1st October changes to winding up petitions came into effect, so what are the implications for businesses? What restrictions were originally imposed during lockdown? […]
Read moreBy 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 […]
Read moreBy 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 […]
Read moreBy Mr Bankruptcy 12th November 2021 The Turnaround Restructuring & Insolvency (TRI) Awards 2021 have been announced and for the third year running we are delighted to be finalists for “Personal Debt Solution Provider of the Year”. Last month, in my post 11 years of debt advisory services I was reflecting on how the world […]
Read moreBy 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 […]
Read moreBy 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 […]
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