A
Just go bankrupt and live your life againYes I did a search, just looking for advice on individual situation.
If one goes to UK to become bankrupt and say in a few years time ends up working and living in the UK, what happens:
1- to ones credit rating - how long does the ruling last and affect ones ability to 'start over' in the UK
2- to any investments/ property or cash held in either the UK or offshore (eg Jersey etc)
3- Any loans/ debts or mortgages held there
?
. Because if answer is yes I could consider sharing/ giving my savings to different relatives rather than paying back a building society that has screwed me, before applying for bankruptcy.
Was offered initially a tracker mortgage back in 20xx. As i it was being processed broker told me bank had change the offer and they were only offering a "discount tracker" which means they offered a diferent interest margin ECB+0.99 (marginal difference when compare to offer nr 1 which was ECB+1.1 ) but after two years they would adjust it. When I asked what adjust would mean they said not to worry it will remain the same, or similar.
I bit the bait.
However my original question was if you have no assets and, more important, no debts would you still be eligible for bankruptcy. Because if answer is yes I could consider sharing/ giving my savings to different relatives rather than paying back a building society that has screwed me, before applying for bankruptcy.
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