ignoring your UK debts isn't a good idea as they will eventually catch up with you. Acting fast ensures that your new credit file isn't adversely affected by your UK debt.
You can make yourself bankrupt in England if you live abroad under the following conditions:
You are actually present in England and Wales on the day you present your bankruptcy petition to the court
OR
You have lived or carried on business in England and Wales in the last three years
HOWEVER
European countries fall within a slightly different legislation. Contact us and we'll see if we can help.
If you can't return to the country for your bankruptcy court date then you can have an agent represent you as part of the bankruptcy assistance service.
Whether you're in Canada, the United States, Thailand, Austrailia, Asia the Far East or many other areas, bankruptcy will have little impact (if any at all) in your new country of residence and we make the entire process as simple and stress-free as possible. All our advisors are up-to-date with current insolvency law and can help answer any of your questions.
Complete our short enquiry form to see how we can assist you and we will call you back. Alternatively you can contact us.
It could be that bankruptcy is the most suitable debt solution for you.
You may hear that bankruptcy should be considered a last resort, and that you should try an IVA (Individual Voluntary Arrangement), IPP (Informal Payment Plan) or DMP (Debt Management Plan) first, but this isn't always suitable. What's right for you depends entirely on your circumstances as these are all solutions to the same problem, but tackled differently.
You may find that you would benefit from professional help in completing your Statement of Affairs and Bankruptcy Petition.
From the time that you decide to apply for a bankruptcy order, to the day that you are declared bankrupt, you may seek assistance in order to keep your creditors and bailiffs at bay. In addition, performing your own research into bankruptcy often results in receiving conflicting information, depending on the source(s).
Personal bankruptcy for Scottish residents is called Sequestration.
To be sequestrated you must owe at least £1,500 and either: one or more of your creditors must have taken you to court to enforce or demand you repay a debt or you must have been on a debt payment programme under DAS that has been revoked and one of the creditors in the DPP have been to court and obtained a decree on one of the debts.
You are immediately free from debt and will not be responsible for any of your pre-existing debts.
It is a fresh start for you and your family to start again and build yourself up from a position of strength. You are immediately protected from all your creditors who form part of your bankruptcy.
Clear Insolvency is trading name of Hamilton and Clarke Ltd.
Registered in the UK. Company no. 6465374. Consumer Credit License (UK) 612841
Clear Insolvency, 27 Old Gloucester Street, London, WC1N 3AX
