Debt Abroad can it be chased in UK?

patd2016

Hi

Sorry not sure if im in the right forum but I was wanting to know if I have debt Abroad can it be chased up in UK?

I have a loan and credit card in Australia which I used to invest in a business in Australia and unfortunately it didnt work out and ive lost all of that money aswell as everything I had saved up and invested. I was struggling for work in oz and have been forced to come back home where I am also now really struggling so I can not afford to pay it back.

Im really worried about this just wondering what they can do to me here in UK? Any help greatly appreciated

Thanks:(

unforeseen

It is possible that if they can get a successful claim against you in an Ozzie court then they can chase it in the UK via the Foreign Judgements Regulations.

Whether they will depends on whether it is worth their while to go to that much trouble

patd2016

Thanks very much for the reply.

So it is possible for them to chase it then is there anyway I can go bankrupt in oz?

DCFC79

patd2016 wrote: »

Thanks very much for the reply.

So it is possible for them to chase it then is there anyway I can go bankrupt in oz?

As been mentioned if they deem it worthwhile they will go for it.

As for bankrupt, you will have to look into the rules for New Zealand for that.

pineconesjay

Ouch! Australia and New Zealand = not the same country

(As someone born in one and grown up in the other...)