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 I work in NSW. Can I declare bankruptcy ?		  New Topic  Reply to Topic
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Lisa.my
Starting Member



1 Posts
Posted - 25 August 2011 :  10:31:34  Show Profile  Visit Lisa.my's Homepage  Reply with Quote
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?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 25 August 2011 :  17:05:31  Show Profile  Reply with Quote
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



Jan
xxx
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Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 29 August 2011 :  12:21:15  Show Profile  Reply with Quote
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,
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