I am an indian citizen with permit to work in UK. i earn 30000 pounds but my debts are 25000 pounds. i have a loan of 20000 pounds, 2 credit cards to pay for 5000 pounds. now my wife is in US and we plan to settle in US. she is currently studying there and i had to support my parents in india and my wife education. i had to cut my spending and living expenses so badly that sometimes its ok not to eat in a day --thinking i am saving money but my payments to creditcards is ever increasing with interest and payment protection cover. all i can do is to pay minimum payments.
will bankruptcy be a solution for me. will it be a problem if i move to US or when i make the application. my wife is a physio--who can start on a salary of 70000 dollars but for her to get job takes atleast 6-9 months. please advise. finally she has debts on UK creditcards to the tune of 9000 pounds. please advise.
Also i would like to inform that when i move to US --as per the law of that country--me being the dependent visa holder on my wife job--i will not be allowed to work in that country for atleast 1-2 years
foreigner in debt in UK
Posted - 01 June 2008 : 10:42:41
