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Going Bankrupt From Outside the UK (232)
Hi, I moved to Australia about 2 years ago and things were going OK. I had some credit cards and a mortgage on my property back in the UK,but I had a tenant paying me rent which coveed the mrotgage payment. That tenant has since moved out a few months ago and I am now in arrears with the mortgage and everything. I know it is only a matter of time before the bank repossesses the property.
I have no plans to return the the Uk and just want to go bankrupt and be done with it all. How do I do this from Austalia?
How Long Do I Have To Go Bankrupt Once I Leave The UK?
Written by JonCan I Go Bankrupt In The UK If I Am Living In Spain?
Written by JonYourquestion: I have a mortgage in the uk. But now have a court date to be repossed as I owe £8000 in back mortgage payments. I Carnt afford the house never been back to the uk in last 6 years. Can I go bankcrupht and give the house back. But will they chace me for any outstanding monies ??
Yourquestion: Can I go bankrupt in the UK or do I need to do something similar here in spain. I have no money but can return to the UK to commence bankruptcy.?
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If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.
Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.
There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.
For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.
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