HI there,
I lost my job in ireland in 2008 and then split with my partner. We had a €480K mortgage jointly on a property (Our home). I moved to the UK not long after and have been here since. I didn't declare bankrupt at the time. I rented the house out and gave the money to the bank. The bank has now pushed for a repossession. There is massive negative equity as the house was never fully finished. What are the implications of me now declaring bankrupt in the uk? I'm director of a small company in the UK so I'm guessing I will have to resign as director. Can irish banks access funds in UK account's etc. All info greatly appreciated.
I lost my job in ireland in 2008 and then split with my partner. We had a €480K mortgage jointly on a property (Our home). I moved to the UK not long after and have been here since. I didn't declare bankrupt at the time. I rented the house out and gave the money to the bank. The bank has now pushed for a repossession. There is massive negative equity as the house was never fully finished. What are the implications of me now declaring bankrupt in the uk? I'm director of a small company in the UK so I'm guessing I will have to resign as director. Can irish banks access funds in UK account's etc. All info greatly appreciated.