Leaving the country can you really leave your debt?

angelis1

Hi i am thinking of moving abroard due to stress from debt, but can i actually leave it all behind.
Waht are the repurcussions forthis drastic action when i return to the country.
Will i still have to make payments?
If anyone out there has tried this please let me know if this is a way out.
Thanks.

Toto

You don't need to leave to country, there are ways to deal with your debt even if it all seems a bit of a nightmare at the moment. Give one of the free charities a call, payplan, CCCS or the CAB, they will help you find a solution which is workable for you.

poppy_f1

leave the country for at least 6 years, all your debts would have been defaulted, come home but your credit ratings screwed

not recommended imo, theres ways here you can sort it out and relieve the stress

why dont you pop up a SOA and people here can help

immoral_angeluk

Ok.. so you leave the country. You live a stress free life in wherever and one day decide to return.
You come back to CCJ's all over the place.. and the possibilty of having been made bankrupt by your creditors in your absence.....

baxgttdi

This isn't a solution to your problem, it's just another way of running and hiding from it. The basic answer is, there is no way of just up and leaving and then coming back to having it all magically gone. As the above poster said, you could leave for six years and all your debts would probably be statute barred(sp?) but then your credit rating would be screwed for the next 6 years as well. So that's 12 years out of your life, and that's not to mention any other problems you might have. Is it really worth missing that amount of time and effort just to avoid facing up to the problems and resolving them? With the support of people around the board that is by far the wiser option

redrabbit29

angelis1 wrote: »

Hi i am thinking of moving abroard due to stress from debt, but can i actually leave it all behind.
Waht are the repurcussions forthis drastic action when i return to the country.
Will i still have to make payments?
If anyone out there has tried this please let me know if this is a way out.
Thanks.

What is the extent of your debt, if you don't mind me asking?