hi there, if I declare bankruptcy, does it affect any property owned by me outside the UK - in another EU country? Can it be repossesed by the debt collectors or sold? thanks?
All assets whether in this country or in another country will have to be made known to the Official receiver so that they can deal with them.
They will look into seeing if there is any equity that can be released for the benefit of your creditors and they will want to know about everything that you have your name on.
Sorry if thats not what you wanted to hear, but you must be honest with them and inform them off all properties etc.
Jo x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
if I declare bankruptcy
Posted - 03 December 2008 : 12:45:17
