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If i leave the country with debts can i still be chased abroad. can i leave debts here and start fresh.? |
I was left with debts when my business failed two years ago. my ex buisiness partner hasn't paid any of the debts but we're jointly and severably liable. I have the opportunity to leave england and i wont be able to pay off all my debts by then. If I go and just leave them, will i be able to have a fresh start or will i just be chased abroad. i simply cant find any more money before i'm due to leave. Don't leave any forwarding addresses. they won't have the time or resources to go looking for you worldwide. just make sure not to use the same companies in the new country. My sister did the same thing and she has no problems. However, if you ever do come back, you will be blacklisted for credit and will not get credit anywhere including a mortgage etc. So consider it with caution. depends on how bad the company wants you they can try anywere but how can they find you if you dont leave a forwarding address I'm not absolutely sure but I think the debts are written off after so many years. Can't you declare yourself bankrupt here and then your debts will be cancelled and hopefully by the time you return to the UK you'll have a clean credit rating? you can file a bankruptcy, but you need to go to court first and explain everything. if you just leave them behind you'll be chase even if you get a new identity and it would be a huge problem for you to start a new life as it will stops you applying for anything... ABSOLUTELY!!!! if a bank or the persons you are in debt with can not trace you with seven years.i believe.your debt is written off. No They wont chase you unless its masses of money, and after a few year they will rub you of the black list. If you owe them they will hunt you down. They can sometimes chase you for small amounts and you will have to pay the costs involved in chasing you. Its best to talk to your creditors and see whether they can help you. Consider the above answers as well. It depends on the policy the state you leave has with the state you go to. I suggest you search a country which has no extradition policy with your country. The second risky option would be to go to a country with a slow/corrupted legal system. they can chase you, but generally wont as it costs them far too much to try and enfoce it. i lived in germany and owed 拢4000(8000dm at the time)for a car,i returned to the uk and the german bank tried to get the money back through a british bank.They did this because some banks are partners with other banks all round the world,so if i were you check to see if the banks or companies you owe money to have partners or own companies in the country you are going to. |
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