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UK Bankruptcy from Overseas - Help Please


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First time on here, but after reading many posts - I guess somebody out there will be more helpful than speaking to my creditors - Please !!

 

I have left the UK (Not run away from debt), but have hopefully pursued a better life for my family !!

 

The unfortunate part is that I was earning very good money in the UK, and hoped to do the same - In Australia, however it hasn't worked liked that, the life is great, but my UK debt (appx 70k - unsecured) is killing me - It is spread over 5 companies Banks & Credit Cards.

 

In the UK I earned enough to pay each month, but in OZ I just simply cant do it.

 

Here is the question - Should I go bankrupt in th UK (I have no property there or any savings - well approx 4k) !!

 

If I go UK Bankrupt - How will it effect me in OZ, we bought a small house over a year ago, but no real equity in it - as the house prices have dropped quite a lot....

 

...I could go back to the UK for a week or so, and say i was in Oz temporarily, or I could pheraps just go UK bankrupt from here - and just say I was Renting a property !!

 

Does the Official Receiver cheack with Overeas Authorities ? - somebody suggested, go bankrupt and tell the O/R you are travelling...(not sure about that one)

 

I guess I dont really know what to do.

 

At the moment creditors know I am overseas, but not where....I dont want to run and Hide, I justwant to get things sorted out for my future life here !!

 

When I applied for credit in Australia - They were not concerned abot checkig references in UK, and all my Oz credit is Fine !!

 

I am really worried that if I Go UK Bankrupt, I would lose my home in OZ - I guess that is the whole of my concerns - as it is unlikely I will return to the UK for many years, not even for a holiday !!

 

Sorry it is a long one, but any help anybody can give would be very welcome.

 

Thank you for reading

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Hi Emitherme.....

 

I'm not knowledgable on the process.....my initial thought is that you would have to come back to the UK to do this, and as for any possessions overseas there is a good chance they / your trustee could secure items overseas (as they do ask in the interview with the Official Receiver)...

PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

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