Considering Bankruptcy from Abroad

angeleen1980

I am a Bitish Citizen living in NZ, I've been here since Jan 2010.

I have 4 credit cards with roughly £8k over all of them and a personal load of £17k.

I am a student and have no income and no one is in a position to help me with my debt, including family.

I am considering declaring bankruptcy. Does anyone know how to go about this and how much it will cost?

philnicandamy

bit of a read here...

http://www.insolvency.govt.nz/cms/personal-insolvency/i-am-in-financial-trouble-what-are-my-options

do you have dual citizenship?

angeleen1980

I do not have dual citizenship, I am only a resident in NZ

debtinfo

You can file for bankruptcy in the UK, you would either return to the UK and petition in person at the High court or appoint a lasting power of attorney to do this for you. This can be a friend or family or it can be a company. Obviously if a company this will cost whatever their fees are in addition to the normal £600 cost of bankruptcy

blobie69

hi i went BR in march moved back to NZ 2 weeks later with my wife it doesn't follow you here you are only bankrupt in UK.
So get some money together and do it think of it as a investment of sorts a couple of grand to save 25,000.

We got a rented house and passed the credit check so my credit in new zealand is fine.

gonebellyup

hi there

I filed for bankruptcy in the UK from Australia last year. I didn't feel able to ask a friend or relative to act as power of attorney so I paid one of the bankruptcy companies to do it for me, which was very expensive and doubled the cost - although cheaper than airfares back to do it myself.

gwenyth08

Good thing you ask that......i also experience that before when i was a student,,,, better for an an assistance in bankruptcy attorney before filing your bankruptcy...