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T O P I C R E V I E W
crowsrluved
Posted - 08 August 2008 : 12:57:55 Can you please help with these questions: 1. Can I declare bankruptcy if I am not a U.K citizen, but my debts are in the U.K 2. What happens to the Car I gave my wife, she legally owns it and we are married a contract of no gains or losses between us.
1 L A T E S T R E P L I E S (Newest First)
Suzanne
Posted - 08 August 2008 : 14:10:34 Hi
As long as you have been resident in the UK for the last six months you can petition, regardless of your citizenship.
If you gifted a car to your wife within the last 5 years the OR would expect that to be put into the estate as it would consitute a transaction at undervalue.
