Mr Bankruptcy | James Rosa Associates

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 […]

Do you need to arrange an interview with a debt advisor?

By Mr Bankruptcy 1st November 2024 It’s good to talk and share your problems, but it’s a big step to take when your problem is an unmanageable debt. As a debt advisor, I’ve talked with many clients about debt. Some are delighted to have a professional they can share their burden with. However, others I’ve […]

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 […]

What drives people into unmanageable debt?

By Mr Bankruptcy 30th September 2024 Facing an unmanageable debt is a tough experience but someone not in that situation might assume it was your fault – you can’t manage your finances or spent money recklessly. But it’s rarely as black and white as that; and debt problems are affecting more and more people in […]

What happens if a creditor tries to declare you bankrupt?

By Mr Bankruptcy 17th September 2024 Filing for bankruptcy can be the best way to move forward if you face an unmanageable debt and creditors are breathing down your neck. But what if a creditor makes the first move and applies to the courts to declare you bankrupt? Does it make a difference or put […]