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Should i declare bankruptcy?
viciousorphan
Posts: 13 Forumite
Dear MSE,
I have significant debt in UK. I am overseas and has been 4 years since the default. My house was repossessed.
1-Is it worth declaring bankruptcy now. what are the pros and cons?
2- If i were to declare bankruptcy and came to work in uk ,i am worried that i will not be able to open a bank account with out which i will not be able to get paid among other difficulties. any solution to this problem?
3- What if i continue to work overseas for another couple of years and then come back, will that change anything?
I really need some sound advice on how to plan my future.
I have significant debt in UK. I am overseas and has been 4 years since the default. My house was repossessed.
1-Is it worth declaring bankruptcy now. what are the pros and cons?
2- If i were to declare bankruptcy and came to work in uk ,i am worried that i will not be able to open a bank account with out which i will not be able to get paid among other difficulties. any solution to this problem?
3- What if i continue to work overseas for another couple of years and then come back, will that change anything?
I really need some sound advice on how to plan my future.
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