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T O P I C R E V I E W
allan07
Posted - 27 October 2009 : 21:02:47 Hi, i moved to the UK 4 years ago and took a loan at the bank to stuydy not a student loan.I have struggled to settle and now want to go back home {South Africa} but cant leave as with the exchange rate i would be unable to keep up with payments. If i leave and fail to keep up with payments is it possible to declare myself banckrupt from there, i do own a house there would that be affected? Any help would be much appreciated. Thanks
2 L A T E S T R E P L I E S (Newest First)
allan07
Posted - 29 October 2009 : 20:20:02 Is it possible to get on a DMP from another country?OR is there a way i could set up some sort of repayment scheme that would be affordable to me once i left? Any help would be much appreciated. Thanks
gettingoutofdebt
Posted - 28 October 2009 : 07:09:14 You can declare BR abroad provided you do it within 3 years of leaving the UK. You can either appoint a power of attorney and have them declare BR for you or return to the UK to declare BR at the High Court in London.
All assets are affected when you are BR regardless of where those assets are located so your house in SA would be affected.
