Urgent Advice needed. Leaving UK with 30k debt

TeamNicholson

I think for your emotional and mental well-being, you should consider the impact of what you are about to do. Many people struggle with debt at a higher level than yours but are able to acknowledge and deal with it. I don't know what your circumstances are but surely you can agree to pay back even a small amount each month or at least speak to someone about a DMP, IVA or bankruptcy. Ultimately I think you should contact a debt charity and try to sort this out honourably for YOUR OWN BENEFIT. Hope this doesn't sound too harsh, hope everything works out for you.

zzzLazyDaisy

dave12367 wrote: »

fermi wrote: »

No. They don't need account details.

They just need grounds to suspect that you hold an account with that bank.

The bank is obliged to search to identify all accounts held by that person, the amounts held etc........


i have been advised that it is safe to open another bank account which is completely separate and i can ignore my debts as long as i am out of uk. please see here at money.co.uk

What you are referring to is avoiding the bank's right of set-off.

Example: You have an unpaid loan with Anytown Bank for £20,000. They are chasing you for the money. You get a redundancy payment of £20,000 into your current account. The bank can use it's right of set-off to take that money to pay off the debt. Same with wages going in, and savings held with an account at the same bank. Hence the advice to open an account with a different bank from the one you owe money to.

But if a creditor goes to court and gets a CCJ against you, they can then get a Garnishee order (ie a court order freezing the account) against any bank that you have an account with.

zzzLazyDaisy

dave12367 wrote: »

Thanks for your reply.

But immmigration for canada requires police certificate only and police certificate only lists criminal record. i have read that non payment of debt is not criminal offence. Please advise

Sorry I was just joshing... The proper answer to your questions is:

'Sure, go ahead, no-one is going to take any action against you for leaving the country with all this debt behind you, there will be no repercussions, in fact your creditors will probably send you a Bon Voyage card. Canada will welcome you with open arms, they love people like you'.

katejo

TeamNicholson wrote: »

I think for your emotional and mental well-being, you should consider the impact of what you are about to do. Many people struggle with debt at a higher level than yours but are able to acknowledge and deal with it. I don't know what your circumstances are but surely you can agree to pay back even a small amount each month or at least speak to someone about a DMP, IVA or bankruptcy. Ultimately I think you should contact a debt charity and try to sort this out honourably for YOUR OWN BENEFIT. Hope this doesn't sound too harsh, hope everything works out for you.

I agree. Also how about thinking about the person who will move into your current accommodation after you leave and will be harassed by debt collectors for an extended period of time. It is your debt so you have to pay it.

awayinchina

dave12367 wrote: »

no i am going back to Australia my home country and this settlement is all that i have for living.

i am just confused that if i have a completely seperate bank account then how will the creditors find out about that as this is a confidential information.
and how can a creditor freeze my separate account

OK, I moved to china I kept a UK account open and I have now cleared all but one debt for about £800 which will be settled in the next 3 weeks.
China is a lot different to Western world as most/all credit agencies and DCA's have no means of getting in touch with you or have associates within china. I used this fact to my advantage and trust me all but one settled for between 15% - 40% of the debts.
Australia, canada, USA and NZ plus a few others do work in conjunction with some UK DCA's so be very careful.
What you can do is when you return to Australia is then think about negotiating a reduced pay back of say 20 -40%.

Or you can duck and dive and hope that they have no associates in your country of choice. What you must think is if enough people do what I and you have done it will not be long before the financial world wakes up and sets up a global collection mechanism.

If I was you I would keep a UK account open and transfer money into it so if the knock comes you can deal with it.

I call it CYA (cover your ***).

Good luck in your move and good luck in what you decide.

purple.sarah

katejo wrote: »

I agree. Also how about thinking about the person who will move into your current accommodation after you leave and will be harassed by debt collectors for an extended period of time. It is your debt so you have to pay it.

Good point, at our current address we have had to deal with debt collectors and lots of letters regarding multiple previous occupants' debts. It is stressful and stops the place feeling like home. We are moving soon and that's one thing I won't miss! Mind you I don't think people who run away from their responsibilities really think about the impact they have on others.

antrobus

dave12367 wrote: »

...is this advice far fetched?

Well it's certainly wrong about mortgages, so I wouldn't pay it any heed on that basis alone.

Anyway...

dave12367 wrote: »

..... will the creditors chase me abroad....

To Australia? Well they certainly could. Any UK judgement is enforceable in Australia. Whether any particular debtor would do so would be impossible to say. Depends on whether it's worth their while I'd imagine.

awayinchina

purple.sarah wrote: »

Good point, at our current address we have had to deal with debt collectors and lots of letters regarding multiple previous occupants' debts. It is stressful and stops the place feeling like home. We are moving soon and that's one thing I won't miss! Mind you I don't think people who run away from their responsibilities really think about the impact they have on others.

Running is one thing. But, some people have to move abroad as their work dictates they need to do this. However, if someone does go and uses their situation to reduce a settlement I say fair play. If you run with no intention of paying that is something else.
I for one did take responsibility and contacted all the DCA's and informed them in writing I wsa going to china and the only way they could contact me was by email.

People do get in debt its a fact. some notify their lenders but sole responsibility if the debtor has notified the creditor lays directly on the DCA.
The debtor has a debt but the DCA is the one who makes the calls and makes peoples lives crappy as they all believe the people on the other end of a letter or phone call are liers.

Sadly we are all human and we do not all act alike. some people are not capable of dealing with hastle and run. that is the way they are. We all have faults and no one is perfect and it is within our genome to survive with least hastle.

dave12367

awayinchina wrote: »

Running is one thing. But, some people have to move abroad as their work dictates they need to do this. However, if someone does go and uses their situation to reduce a settlement I say fair play. If you run with no intention of paying that is something else.
I for one did take responsibility and contacted all the DCA's and informed them in writing I wsa going to china and the only way they could contact me was by email.

People do get in debt its a fact. some notify their lenders but sole responsibility if the debtor has notified the creditor lays directly on the DCA.
The debtor has a debt but the DCA is the one who makes the calls and makes peoples lives crappy as they all believe the people on the other end of a letter or phone call are liers.

Sadly we are all human and we do not all act alike. some people are not capable of dealing with hastle and run. that is the way they are. We all have faults and no one is perfect and it is within our genome to survive with least hastle.

i also have a share account in which i am down atm

will a creditor able to find this out and hijack my shares?

is that possible?

sistafromanothermista

Rightly or wrongly this is my view.

People like you annoy the hell out of me. You ran the debts up it is your responsibility to pay them. I would imagine that by 'doing a bunk' the banks need to recover their losses in other ways (higher bank charges etc) so EVERYONE else ends up paying for your extravagant lifestyle :eek:

I, like the majority on here, understand that is is MY fault i'm in debt funding a lifestyle i could never afford and i know i must now pay the price AND PAY IT ALL BACK since i spent it in the first place,. Not leave it for the rest of society to clear up.
Selfish. No wonder this country is in such a blummin mess.