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T O P I C R E V I E W
Lisa.my
Posted - 25 August 2011 : 10:31:34 I work in NSW and am sponsored on 457 visa- i have a house in the UK and a loan both of which I can no longer afford to make payments on as my tenants moved out- can i decalre bankruptcy?
2 L A T E S T R E P L I E S (Newest First)
Richard P
Posted - 29 August 2011 : 12:21:15 HI Lisa
subject to you being out of the country for less than 3 yrs, you can still declare BR in the UK and then make a fresh start in NSW
before Declaring Bankrupt some basic arrangements / discussions need to be had
you can either Declare yourself BR (fly back to UK ) or get a company to act on your behalf it is called a lasting power of attorney.
LPA's are a very slow process, the person acting on your behalf will then petition for your BR at the high court in London.
I think Mel (one of this forums EXPERTS) has had dealings with LPA
Good Luck Richard,
Niobe
Posted - 25 August 2011 : 17:05:31 Hi and welcome.
How long have you been out of the country?
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
