£32K in credit card debt and personal loan from 1 single bank - court judgment enforced overseas?

escpj

Reposting as submitted under less relevant board!

Long story short - I have tried to pay off my debt for a while now (minimum amount) from abroad since last year after moving away for for personal reasons.

I can no longer keep up due to medical bills and child care. What are the odds that the creditor with an international presence will file and enforce a court judgment against me?

I've moved to Canada where there is supposedly the Reciprocal Enforcement of Foreign Judgments Act (REFJA) - how often are debt judgments enforced?

Is there a possibility of an international bank enforcing it over 32K? Would appreciate any advice so I can assess my options / negotiation strategy

fatbelly

Has there been a ccj issued in an English court?

If not, then I think you are worrying about a minuscule possibility

escpj

They mentioned a judgment will be enforced following more missed payments. If so, does it mean a matter of time before they take it across to Canada?

Voyager2002

As always, the intelligent thing to do is give them details of your circumstances and how much (or little) you can afford, and make an arrangement. They are likely to go to a certain amount of trouble for that much money.

DankVielen

Voyager2002 said:

As always, the intelligent thing to do is give them details of your circumstances and how much (or little) you can afford, and make an arrangement. They are likely to go to a certain amount of trouble for that much money.

With respect, I totally disagree with you, I do not think it is intelligent to aid someone in pursuing a debt one can't pay and is unlikely to be enforced abroad.

The bank itself will not go to much trouble, the money never existed for them they created it but what matters to them is their lending ratios.

They will likely default the debt and sell it for pennies in the pound just to get it off their books.

The buyer of the debt would likely have a different attitude, they might be the one to seek a CCJ but only if they had a clue about the ability of the debtor to pay.

As the bank will hand over notes and data on the debtor it is wise to give the bank as little information as possible, hence my advice.