Are there not numerous threads on this already?what are the implications of going bankrupt in the Uk, I have read up alot on it and it seems fairly straight forward.
what are the implications of going bankrupt in the Uk, I have read up alot on it and it seems fairly straight forward.
1. move to the uk get a NI number, opening bank account, get a uk mobile number and accomadation
2. fill in 28 page statement of affairs after 3months and 1 day ,you can file for bankruptcy assuming you meet the COMI requirements
3. pay you insolventcy fees to court and insolventcy expert around £1500.
4. pay agreed amount to your debtors for 1 to 3 yrs ( i cant remember
which)
5. be discharged from your debts within two to 12 months of been declared bankrupt depending on your situation.
6. move back to ireland and rent a house and try and have a life and start again debt free?
I know i have simplifed it abit and i havent inculded the stress, worry and all that goes with life with debt that makes someone go bankrupt. But when you decide to make the decision will it haunt you for the rest of your life or is it all forgotten about 6yrs after your dischagred.
Am i missing something.
thanks for your feedback
Hi apple,
Thanks for best wishes, still working on finding out best procedure for moving. Need to save a bit of money in the mean time.
Was born in Uk so thought might have NI number already, can I apply for it from here or do I have to be living there before I can?
Do you need NI number to apply for job in UK?
Would be easier if I could look from here and leave my current job when I have found one over there. Does anyone know is that possible?
Also, if I stop paying mortgage while still working here, what happens if I am here for another 3 months and not bankrupt for a further 4 say. What are the consequences with my lender?
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