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 Can we be made bankrupt in our absense		  New Topic  Reply to Topic
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tricia
Starting Member



1 Posts
Posted - 30 December 2009 :  12:39:33  Show Profile  Visit tricia's Homepage  Reply with Quote
My husband and I have IVA in place although we were guarantee's for a lease and they are threatening to make us bankrupt. We have work and visa's arranged for Australia. Can we be made bankrupt in our absense if bankruptcy proceedings have not yet been served on us??

debtinfo
forum expert



2826 Posts
Posted - 30 December 2009 :  12:48:20  Show Profile  Reply with Quote
Yes you can be made bankrupt in your absense but not if you are in an IVA if no new debt has been incurred, did you sign the lease before the IVA
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 30 December 2009 :  21:49:14  Show Profile  Reply with Quote
If the lease debt is not included in the IVA then the creditor could pursue you for Br.

Depending upon the amount of debt from the lease it may be possible to still have this included in the IVA.

If you are not continuing with the IVA then you should still look at becoming debt free either before you go or even after you are there and set up.

it is possible to be represented here in your absence by using a Lasting Power of Attorney

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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