Jump to content


To Move or Not To Move


inneed2011
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3082 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi,

I live in Spain, I have done for the last 5 years.

I had several properties in the UK, all of which have been repossessed. The mortgages were covered but I have an outstanding approximately of 100k gbp on all the properties ( This is the total amount). I did want to declare myself bankrupt, but found out that it is only possible if I was back in the UK.

I have several CCJ´s estimated around 6 from council tax and other utilities debts.

Therefore, my dilemma, which I feel is not really a dilemma but my parents think it is the best course of action to move back to the UK.

If I come back then I have to declare myself homeless and move into a hostel, I think this is my only option. With my 3 children. If I am housed or when I am eventually and then I get a job, I will not automatically be able to go bankrupt, because this will be the decision of the court. Or is this not necessarily the case?

Also, if I am, then it is not a simple case of my debt is wiped off after 6 years. There will be a lot of restrictions, one of them maybe that when I do work I will have to pay a subset of my wages for the debt. Which as you can see by the size of the debt, will take several years and I am already approaching 40.

I see that I will not be able to apply for anything in the UK, everything is credit scored so if I do get my own place, it is highly unlikely that I will be able to get any gas, electricity, a bank account or other such means.

Is this me being dramatic or it may not be as drastic as that?

Link to post
Share on other sites

Hi

I believeMortgage shortfalls do not become SB until 12 years have passed . Any unsecured debts (loans, credit card, overdrafts) are SB after 6

 

Getting bank account will be hard but there are some out there that will allow you a basic bank account.

 

As for moving into a property, some utility companies may want an up front bond to cover in case of defaulting on payments. You would be unlikely to get a phone contract so I would be going with PAYG for now.

 

As for Bankruptcy, no idea but I would think others can assist on that

If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

Please help CAG. Order this ebook. Now available on Amazon. Please click HERE

Link to post
Share on other sites

Another issue to consider, unrelated to debt, is whether after being away for 5 years you will be entitled to any benefits or housing. I don't know if it could be a problem, but I would suggest that it's wise to find out before you arrive.

RMW

"If you want my parking space, please take my disability" Common car park sign in France.

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...