top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

I am now living overseas � what will happen to my debts in the UK?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    I am now living overseas � what will happen to my debts in the UK?

    So i was told.........

    Ideally you should have dealt with all of these matters before leaving and the usual long term result for moving to the abroad leaving debts in the UK is that the creditors sell the debts on to local firms who can use the local legal system against you which can be anything from 6 months to 6 years to come to fruition. So the fresh start and new life you are building for yourself will one day be at risk.

    If you have already moved (and do not have any substantial assets) you might consider returning to the UK to present your own bankruptcy petition here under UK law. You would have to present yourself at the High Court office in London with the necessary forms.
    Successful debt reduction starts with a plan and ends with success.
    get out of debt

    #2
    UK bankruptcy laws are very different for USA bankruptcy laws. It would be best to consult a site that specializes in UK bankruptcy or debtor law.
    May 31st, 2007: Petition Filed by my lawyer
    July 2nd, 2007: 341 Meeting Held
    September 4th, 2007: Discharged and Closed.

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X