Hi everybody. I am returning keys from my house to a bank (by post, with no return address) and moving to the UK. Outstanding mortgage 180k, house value 100k. The mortgage in two names, me and my husband. We've been separated for 3 years and husband lives somewhere abroad and has no interest in the property. I do not have any other assets or liabilities in Ireland or abroad.
As I understand, UK bankruptcy very useful for those who plan to return to Ireland. I am not going back to Ireland to conduct any economic activity in the foreseeable future (10 - 15 years) or ever. Do I really need to ruin my credit rating in UK by declaring myself a bankrupt? What will be consequences if I just move and forget about the mortgage?
As I understand, UK bankruptcy very useful for those who plan to return to Ireland. I am not going back to Ireland to conduct any economic activity in the foreseeable future (10 - 15 years) or ever. Do I really need to ruin my credit rating in UK by declaring myself a bankrupt? What will be consequences if I just move and forget about the mortgage?