Hey there, skipped the UK last year, 50k on 6 different cards. not saying where i am – too scared. it ain’t sunny but love the squatting life in this funkee town. brilliant website. keep up the good work Mr —sound of train rumbling past – - – (Via email)
That’s the spirit – Max Out, Bail Out, Chill Out
Greetings from Asia, I have a story to join your club. I came to England to study business and make money for my family. I worked many years and was very successful. After nearly ten years it was time to return home. Before I left I had two credit cards with crazy spending limits I knew I could spend them and they would never find me. The last two months I took all my friends and colleagues on expensive meals in first class places. They didn’t know what I was doing but they will all remember the top man. (Name withheld)
Welcome to the club. I wonder how many others in your position realised they could do this? What I’d really like to know is whether you made a couple of big cash withdrawals at the airport?
Awesome site! Been over in Brazil for 5 years since leaving Aus and over $50k of bills. Now married to a local girl. Everything’s sweet as. Never, ever going back. Azza (not my real name) (
Thanks, you’re our first debt fugitive.
FUGITIVE CHATTER – DEBT DODGING DISCUSSION THREAD – Use the contact form at the bottom of the thread to join the discussion.
Hi, could anyone help me? I left the UK three years ago after getting a bank loan for seven thousand, I never made any repayments. I also left behind multiple credit card debts.If I re-enter the UK will I get pulled at the airport? Would what I have done be classed as – fraud and would there be an arrest warrant for me?Cheers if you can offer me any advise or someone I could chase this up with. Steve
>> Do I Make you Happy? Response to Steve
If you’ve been away 3 years and haven’t acknowledged your debts (no contact with creditors) then you may be halfway to being able to have them statute barred, which you can do after 6 years, and will prevent your creditors from being able to chase that debt even though the debt will still exist. It is part of the Limitation Act and there is plenty of info available on the web. I have never heard of anyone being pulled at the airport. My friend left his debts behind and has been back to the UK loads of times. The best thing to do is contact Citizens Advice in the UK (probably by phone/Skype) as you can always discuss things frankly with them.
I left the UK in 2011 (I live in Asia now) and owe £4000 to my credit cards (nothing compared to other peoples here!). Though I haven’t been sending money for about a year, I never really thought about not paying the debt until recently, when I noticed that on my online banking accounts the sections relative to my credit cards and debts have just disappeared! Considering that so far I haven’t received any communications from those banks, neither via post nor email, do you think it’s possible that they just decided not to waste time with me and cancelled my debts? Or am I just dreaming? Have a nice one guys.
I have dual citizenship (UK/Australia).. I was born in UK and moved to Australia 13 years ago. I lost my job during GFC and went into debt. I obtained a new job and started a debt agreement. After a few years I lost this job and my debt agreement was cancelled, leaving me with around $35,000 of debt… I was told I would be contacted, but never have.. I do have the same email address but mails may have gone straight to “junk folder.. My address has changed as has my mobile number. My concern is I want to go overseas (UK) to see my family, travel and possibly move to USA or Canada. So my question is, can I have been made bankrupt without my knowledge? – Will I be able to leave the country (Australia)? – I’ve heard that if people try to leave that have been made bankrupt, they can face up to 3 years in prison. – I’m now in a situation that I have flights booked and aim on entering the UK on my UK passport, however my concern is exiting Australia.. I can’t leave Australia on my UK passport as it has no visa entry stamp (recently renewed my UK passport), so have to exit on Australia passport.. Can they detain me? – Can anyone help?? >>
I have debt of 7.500 in Cyprus, I have 2 guarantors, the bank is chasing them, and they are hounding me. I moved back to the UK in 2009 after living in Cyprus for 2 years now i’m back in the UK… what can I do to consolidate my debt? who can help me here in the UK? >>
>>THE EU & IMF’s response to Martha
When we wreak our havoc on Cyprus they will probably leave the Euro either in protest or through necessity. They will revert back to their own currency, which will be worth very little – but the important thing is that your debts will also be transferred into the new currency. This will make them very easy to pay off using Sterling!
I got married to a US citizen and promptly moved to the US with her 6 months after getting hitched. I’m very happy with my new life. I did leave the UK with about £50k of debt -mostly credit cards. It’s been over a year now and I do get emails from the card companies so I’m getting concerned. What is the likelihood of the debt following me? I have no intention of ever returning to the UK. Any advice?
I’m looking for some advice please.
A family member of mine left the UK in 2005 to live in Spain with 40K of debt. We did not realise this til many years later we as a family want her to come home as she is not getting any younger can you please advise me how she would stand with the debt at his was 8 years ago she left.
>>Sexy Beast’s reply to Nancy
It’s very likely that in this person’s absence the original lenders chased the debt for a while. Having had no luck, they probably sold it on to a collection agency, who themselves sold it back onto the market for another agency to chase and so on and so on… Who knows where that debt is now? It’s doubtful the original lender still owns it and it’s anyone’s guess whether it’s still being traded on the debt recovery market.
You should investigate the possibility of the debt being ‘Statute Barred’ as your relative has been away for more than 6 years. If she does come back to the UK and receives any letters or phone calls she must not acknowledge the debt. For more info, look at the response from ‘Do I Make You Happy?’ above.
In the end it won’t help you I’ve just kept moving round UK and dread the knock on the door the post, brown letters people with clip boards u may think fuck it have fun now I did like who cares sweet money but when u get in your 30s thing get scary and u want to settle maybe with kids and u can’t get a mortgage even the letting agents do credit checks so dare not even let my name show up. Stuck in mucky private rented thinking I whish I had just paid them off and kept my all important peace of mine credit rating. Or at least gone bankrupt and been allowed to recover. My kid is eight and I want to buy us a house with a big oak tree and answer my fucking door without worry. My debts were from foolish lavish drinking entertaining and holidays and I had the time of my life but I haven’t paid a penny back in 15 years. They send post to all my relatives trying to find me I had to go off grid like a fucking criminal and I feel like a criminal too. My advice do the right thing get the interest froze and continue to make payments until its cleared then your truly free.
Hi, My question here is quite the same. I spent a whole year in the UK, back in 2002-2003, and I left with the intention to keep my regular payments to the HSBC for a personal loan throughout my online account. A few months later I discovered that my online access to the account was not working anymore and so I stopped sending the money for the payments because I had no way to make sure they were receiving them. No news from the loan whatsoever since. Recently I asked about it to my friends in the UK and they told me about the Limitation Act and not to worry because of the time past since I left. But I´ve been offered a job again in the UK and I am concerned about having problems when applying for a bank account. Could I have any trouble? If I use the NIN I obtained back in 2003, because I´ve been told it´s for life, could the bank track me down?
Thank you for your advise and help!
My husband has just upped and left me, I have no idea where he is or how to find him. I have been left with all the bills, mortgage and debt. I cannot afford to pay it on my own, the mortgage payment alone is more than my monthly wage!!! I am thinking bankruptcy is the only way out, help?
I Went Bankrupt’s Response to Distraught J
Hi DJ, as bad as your situation sounds there is always a way out. It’s obvious that you have too much to shoulder on your own and you certainly shouldn’t attempt to. Contact a debt charity and do not contact debt management companies that charge fees as they profit from arrangements and don’t always act in your best interests. Citizens Advice is a good start as they can help with negotiating with your creditors and working out what your best options are. It is a good thing that you are facing this problem.
I am not being flippant when I say that you must remember that it is only money and finance – there are far more important things in life such as good health, friends, family etc. Never lose sight of the bigger picture. As bad as things are now, this situation will not persist – there will be a way through it and a sunnier day tomorrow. I found battling with debts stressful but as soon as I began to confront the situation and deal with it then things became a lot less difficult.
I studied recently in one of the Uk Universities in 2008/09 but left for my country in africa owing about 1700 pounds to accommodation and exams but i failed, but recently the university wrote telling me to pay up or they will pass my case to credit collection agency, they prepare an agreement form for repayment which they want me to sign and return to them. and my finances here in my country is too poor to take care of my family talk less of paying debt kindly advise me on what to do
>> Debt Man’s Response to Idowu
If you’ve no intention of going back to the University then one option is don’t pay and don’t acknowledge the debt. Otherwise offer them repayment terms of £1 a week or some other small amount that you can afford.
I then moved to Spain and went to the uk every month to see family, I have now come out to nz and about to e turn to the uk for a few days before moving permanently back to Spain, it\’s now been 4 years and my father still gets calls at my home address but always states he doesn\’t know where I am. I am due to return to the uk soon, but for some reason I am thinking I could get done at the airport this time, and maybe my luck has run out, being a fugitive has it perks but I just hope one day it doesn\’t catch up with me.
Have you ever heard any case at all that some was arrested upon arrival in the uk for debt around 25k
> > Don’t pay the banker scum’s response to John D
Debt is a civil matter so you won’t be arrested at the airport.
My question is, will I be able to exit the country? – I’m aware debt is a civil matter so there should be no problem, but I have heard of “bench warrants” and “Mareva injunctions” which can alert immigration. Usually though I’ve read this is usually on re-entry to Australia and not on exiting? – I have dual citizenship with another country so entering a new country isn’t an issue.
My question is will I be able to leave Australia or not? – Also, nobody knows where I live so if a warrant has been served it has been done without my knowledge.
Thanks and I look forward to your response
Hi. Just a quick question.
I am currently living in The Netherlands and am looking to move back to Australia. I owe a couple thousand euros to the tax department and some debt collectors.
I’ve been told that they will stop me at the airport in The Netherlands to pay my debt. I was wondering if this is the case all over the EU? If I fly from Germany or elsewhere would I be stopped there?
Any help or advice would be much appreciated!
Great site btw!
> >Gert van Fuckem’s response to Tim
This sounds like classic debt collector bullshit to me. Remember, it is their job to get paid and they will spin any old rubbish to frighten people into paying. It’s amazing the lies they spin! They know if you split then they won’t be able to collect so they tell you a lie to scare you into staying put like a sucker.
PS. I once had a fling with a beautiful Dutch girl called Nicole who looked a bit like a cat. I would very much like to find her. Do you know her? Thanks.
FUGITIVE OF THE WEEK! – Rob van Roger
Hi, I am in lots of debt 50,000 +on loans and cards, lost the house owing another 40,000 pounds sterling, now in Oz had e-mails that’s all, been here 5 months they can all poke it !!!:)
Site admin says: Roger, you are a brave man and best of luck to you. You have rejected a life of miserable slavery, working yourself silly and sacrificing your precious days (sorry, years) to paying off meaningless debt. Enjoy your new life!
Hey guys and girls,
I currently have a debt of 20k in Australia and have had quite a few sleepless nights because of it but after reading what people have done I’ve decided to stick it to the banks and travel the world instead. I’d like to thank you Mr Nice for creating this web site.
looking to off load a bit of property debt in ireland via the uk
looking to stash prior , any advice on protecting assets pre krupt?
timelines, do, don’t, bewares etc.
> > > The High Priest of Debt’s response to 6 x Zero
Good move going to the UK to discharge your debt. There’s plenty of info out there about how to go about this. However, I don’t want to see any of you guys end up behind bars so be careful about hiding assets from creditors – it’s likely you’ll be prosecuted if you do. Check out this story (different end of the scale but same principles):
I have a debt of 170£ and some unpaid cell phone bills. I moved out of UK 3 years ago now living USA. I was recently sent an email by a collection agency in UK for the £170 debt. I didn’t reply them yet and don’t know what to do. Should I pay the mentioned £170 or is there a limitation? They do not have my address and asked me to call them. Please help.
> > Admin’s response to Drr
I can’t believe you’re being chased for such a paltry amount! There is a 6 year limitation – read up on ‘statute barred’. Don’t respond to any communications though.
I need advice. I left the UK with 25k debt, but now my passport has expired, and it been over 4 years since I left. Will the passport agency hand my details over to the banks/ debt collectors when I renew it?
>>>I Went Bankrupt’s Response to John
Your debt is a civil matter between the two parties (lender & creditor) and so the passport agency have no interest in this. Maybe if you were on the most wanted list and there was a nasty arrest warrant out there with your name on it, maybe then you might have cause to worry. Anyway, have you seen what’s been happening with government agencies and private contractors who perform public services? THEY ARE INCOMPETENT FUCKWITS! I wouldn’t be surprised if they issued Edward Snowden with a passport were he to apply. Which he wouldn’t. Clearly.
Hi – great site hope there’s people still replying and using it.
I’m in the UK, currently have a mortgage (pay interest only / very little equity) – just got an IVA approved.
I want to leave the country and leave it all behind. I won’t be going with much money – about £1,500 but I’m wondering where to go and how my IVA will be pursued?
Can anyone help?
>>>NO-WAY IVA’s Response to Whatdebt
IVAs suck. I have a friend who’s been paying one for years and seems to be stuck in debt and has an awful credit rating. He may as well have gone bankrupt. If you skip then your IVA will just be registered default as any other debt would be. Once you are set up abroad then I wouldn’t worry. Just ignore any emails and NEVER respond to any contact in relation to debt.
PS. I’d stop paying the IVA before you go and keep the payments to put into your fund for going away
Drowning in debt
I’m so glad I stumbled upon this site! We are considering this but were too worried about getting caught. Have ~20k debt in the UK but visa renewal has been refused and have to leave anyway. partner is a Brit though but we’re looking to move back to Asia for a fresh start. Considering my bank has branches where we’re going will it make it easier for them to catch us?
We are selling our home first. How though do we get all that money out? Will it raise suspicion if we transferred it all to a relative’s account in destination country?
Drowning in Debt has an update for us!
Right, we are definitely moving to Asia, but are tempted to not bother with sale of the flat. Being in shared ownership, we’re being totally f—ed over by the housing association, who are making us foot all the bills (valuation, conveyancing, EPC, etc.), PLUS pay them 1% for “admin”. House prices are crap now as it is, so with what we get from the sale we still wouldn’t be able to pay off all our debts.
Our initial plan was to sell the flat and use what we get to settle the debts from our bank, which has branches where we’re going (clue: it’s the “world’s bank”). Now we can’t even afford to pay for the fees to sell the place!
We’re tempted to stick two fingers up and just leave–they can have the flat for all we care. But again we’re worried: as an international bank with branches where we’re going (and I think I may have an inactive account with them in Asia), will they be able to chase us all the way to where we’re going?
Admin note: The above image was produced by the excellent William Banzai7. Check out his stuff at: http://williambanzai7.blogspot.co.uk/ or follow him on Twitter
>>>>>>Piggy Banker’s Response to Drowning in Debt
If you’re going to leave your house to the repo crew then stop paying everything and hoard all the money for your start in Asia. It’ll take them months to repossess your house/cut off your services so get stashing now. Just open an account with a different bank when you get there. In the rare event that creditors do track people down abroad the thing is not to acknowledge the debt in any way. They will try to scare you but they can’t touch you. I think you’ll be alright in Asia though.
Hi ive been out of the uk for 2yrs 9 mths and wud like to go back for a visit. I left uk with roughly 60/80k debts consistin of credit cards store cards overdraft and car loan which wre being paid. I have been informed dat my debt collectors were taking me to court but the letter was returned to sender. Wat will happen to me if i step ground in uk and would i be able to return to where i live now ie abroad
>>>The Border Force’s response to Dee
Hi, creditors don’t have the power to get you arrested at the border. You can come and go as you please. All that happens is your debt is registered as a default, then it is sold on the secondary market and a debt recovery firm buys if for pence on the pound; debt recovery firm then tries to collect full amount from debtor and when they’ve drawn a blank they sell it back onto the debt collection market and this process goes on and on and on…
So I am in financial hardship with no way out. Going bankrupt is the way to fix it but having to wait 7 years before rebuilding my life seems too much. So an idea I have is gain duel citizenship which I can do. Wait a few months and then fly out to the uk. Change my name in the UK as a British citizen and on the UK passport. Come back to Aus on aussie passport. Now use UK passport for a fresh start as a new person. Could it work?
I lived in uk for 10 years and left UK in 2011 with around 75k debt in loans and credit cards between me and my wife. If I visit UK for a week, would they held me at airport when i enter or leave UK?
>>>The Border Force’s response to Max
As we said above, you are free to come and go as you please sweetcheeks
A man called ‘Glen’ writes and shares his wisdom…
I’ve read all the items and they all seem small potatoes to me? I left Canada after trying to open a new clinic during the WFC which finished me. I declared bankruptcy in Canada and a few months later had a divorce settlement from 2 years prior. The judge awarded 100% of the estate to my ex and asked me to pay her $2700 per month forever. Fortunately she died and that freed me from that debt. I’ve since been around the world, lived in Ecuador once and in Malaysia twice. I’ve worried about my debt which was over a million dollars however after reading these accounts am a lot more relaxed. I just wrote to the bankruptcy trustee who says they will not act for me (they’ve been discharged from the case) but they want me to send 09, 10, 11, 12 and 13 tax forms to them even though they say they’ll oppose any discharge of me. At this point it’s just comedy. I wish all of you well, sleep well tonight, it’s a civil not a criminal case, none of you are wanted and no one will be stopped or arrested at the border. Just start over in a new country – live, love and laugh.
‘Fée Clochette’ aka Tinkerbell
I am so glad to have found this site and hope someone can help with my questions. I left the UK for France (I am not English but French) very recently with a credit card debt of about £10 000 spread out over 6 cards that I can’t repay at the moment. I have kept my current accounts there (two of them) and a bit of savings on an ISA account as a safety net and would rather leave that money where it is at the moment rather than repaying these cards.
One of the current account and the ISA have never been linked to these cards (I never set-up any standing order or else from them) so I assume that the credit card companies don’t know about their existence.
When they start looking for my whereabouts, can they find me in France (I have deleted my status from my facebook profile and did not say where I am on any other social media)?. Lately student loans company (which I intend to repay) wrote to me at my parents without me giving their address but it is probably because I gave that address to the DWP and HMRC when I left. Don’t know if credit card company could find this address the same way too due to this?
Can they sue me here (I owe about £4 000 on one of them)?
Can they find my UK accounts and take money from there? I don’t really want to take this money out of my UK account now as the Euro is rubbish).
Thanks for everyone who can answer some of all of these questions.
Sean is bound for Bulgaria…
I have a few thousand pounds debt (payday and mobile phone companies) and am relocating to Bulgaria with a job lined up…..is there any chance these debts can haunt me over in Bulgaria? Can they contact my work or anything?
Simon has set up home in the States and is worried about PIs on his tail…
Any experience with moving to the states from Canada? I know that your credit report doesn’t follow you but have read that “they” can try to domesticate a Canadian judgment in a US court etc etc.
I am working legally in the states and am even considering deleting my linkedin profile to make finding me in the states more difficult. Am I being too paranoid?
So far they’re been leaving messages on my Canadian cell. (I kept a cell number in Canada) and sending mail to a family members address (i changed my address to have my mail sent to a family members address before I left).
The amount is quite large so I’m concerned they may hire a PI to find me somehow. And it’s probably easier to find someone who’s moved to the states vs a more remote part away from Canada)
They won’t find Danson in Greece…
Had enough of the stress and never getting out of this uk financial rutt….
Do you think I will be chased for this debt ?…the house can be repossesed I don’t care…I have a new start and new life abroad
Alba is happy to have found us but is on the run from French courts…
I can’t believe I’ve stumbled on this website, I’ve spent all day stressing after receiving a court summons and this might just give me the hope I need!
To cut a long story short, I am British but lived in France for nearly 10 years and accumulated various Loan and Credit Card debts totalling approx 30K. I moved home to the UK about 2 years ago and could not find a way to keep up with payments so have basically ignored any payments. I have had a few chases, letters from collectors regards to some of the smaller debts. My bank with whom I owed around 20K in total however had strangely been very quiet for the past year but I’ve just received in the post a French Court Summons with a hearing date in December(address was wrong on the letter but it managed to get to me in the end). I don’t know what to do and how serious this is? I am currently in the process of planning to move to the US to join my boyfriend but the visa is probably not going to be issued until next Spring.
What can happen to me? Can French courts transfer any legal action to the UK instantly? Is there a likelihood that this then follows me to the States? Should I respond to this summons or just keep ignoring it? I don’t have the particular desire to pay this debt as I will just end up spending the rest of the best part of my life trying to pay debt and interest.
Any advice or similar experiences would be appreciated.
Thank you ☺
>>>>>>>The French Resistance Respond to Alba!
In the grand scheme of things you are small fry. Chasing you across continents for a few thousand Euros? Hmmmm… What are the rules for civil debt in France? If the debt was incurred in the UK they would be unable to have you arrested for it – it would just bugger up your credit rating.
It’s another French connection, this time Scared! is hiding in France from UK creditors…
Hi – I skipped the UK and live in France. I just ran out of time to pay £9k to 2 credit card companies so have let them both lapse. New phone numbers but only redirected mail is the communication that I ignore. Do you think they’ll come after me? Thanks!
Queen Bee is worrying about nothing…
Hi I am German and moved to the uk nearly 2 years ago! I left debt in Germany ie catalogs and mobile contract etc,I’m flying back for a two week holiday to see family will I be stopped at the airport or can I be arrested as I tally hope not as I’m flying with my children!thanks
Lost in Laos is very happy to be a fugitive!
After 4 years of harrassment from debt collectors in the Yuk, a house that plummeted in value from 125000 to 97000GBP (on an interest only mortgage) a whore fucking away all night every night with the owner of the upstairs flat, overpaid tax credits we never even claimed as we left the Yuk in 2010, which I have no intention of paying back as it was their f up (actually they are still paying them into the Yuk bank account and I draw the money out the atm here in Laos. They send letters to my mother every month threatening this that and the other but I just tell her to \”bin it\”.
All these banks and credit card companies bring this on themselves.
Anyway, upshot is we walked out the house, posted the keys back to Mortgages Plc, got on a plane and stuck 2 fingers up at the Yuk. Been in Laos for 3 years now, OK its pretty basic here, the cops are corrupt as hell (no change from the Yuk then)the electricity is \”unreliable\” but for the stress free freedom from all the debt collectors wanting a piece of me – its heaven.
Smallprop had a blast on his credit card
Good day sir!! I’m living in oz at the moment but want to move home to Ireland! I will never be back here! I have a credit card debt of 11000 dollars and can’t pay it back! Can I be followed to Ireland for the money and will it come back to bite me in the arse! What do I do?!!
Dear Mr Debt,
>>> The Border Force Speaks to John Doe (with one voice).
Hi Honey, we don’t stop people for civil debt at airports but we might like to frisk you You don’t mind do you?
George went to Thailand and maxed out & it’s been 6 years…
Came to Thailand for an holiday back in mid August 2007 and maxed out the overdrafts and credit cards in advance, so I could stay as long as possible.
With a little luck and a small pension that commenced before the age of 50, I’m now ‘celebrating’ my 6 years of being here with no contact from the banks
Also, just for good measure, my pensions were all transferred into an offshore scheme after 5 tax years absence from the UK
Now the ‘moral’ dilemma. Should I repay the debt from my pension lump sum at 55 or just throw a lavish party?
Craigy Baby wants to take a Payday loan and bugger off abroad
I live in switzerland but am from the uk. Im here for 5 days and been offered for a 1000 pound payday loan. If i take the money and run what are the implications?
Any help appreciated
>>> Errol Damelin has harsh words for Craigy Baby…
Now Craigy, I am disappointed in you for revealing just how easy it is to rip off
legal loan shark Payday Loan companies in this manner and the fact that nobody would be able to get you and the defaulted debt would just be traded between debt collectors for years. Some people, particularly that annoying woman from the Labour party, are always carping on about how Payday Loan companies make it too easy to get into debt, don’t do proper checks, charge extortionate interest rates wah-wah-wah! Well, I’m worth many millions so yah-boo! It’d take an army of Craig’s to take me down.
PS. I know I said the woman from the Labour Party was annoying but if anyone has her number, as she is rather cute…
hi… i left Ireland back in 2009 with a personal loan debt of 10.000 euros and credit card loan of 3000… A americans collections debt agencies tried to contact me back in 2010 sending me letters but they also stop trying… should i be worried?? would I be able to enter back to Ireland again??
Mrs Druid is contemplating living without banks…
So, I lost my mum and died in my mid to late teens and was thrown into adulthood. Ive done well on the most part, but the past
couple of years as I had a lack of parents to borrow from while moving into adulthood I am in a little debt. But I dont have a fixed address, im pretty nomadic. I am thinking about just leaving the card and overdraft I have at my work hotel address and moving into my flat…and just saving my own cash and not using banks…How does it sound? I guess I need some moral support..banks have been a horrible influence in my life…and I am finally ready to let this nonsense slavery go! Im young, life is for living. They cant find me through my tax number or anything can they? This might be a silly paranoid question
Have a lovely day!
Mitchell Thomas is getting heat from the UAE…
Hi. My brother lived in Abu Dhabi for 3 years in the UAE. After being made redundant, he returned in 2010 but he still has outstanding credit card debt with a UAE bank. A letter was received just last week, from a UK solicitors (not a debt collection agency), telling him he they are representing the UAE bank here in the UK and that unless he sends the full payment by Western Union international bank transfer direct to the UAE bank, they will pursue CCJ and/or county court summons. My brother does not own any property or a car or any assets at all and the address the letter was sent to was in fact to our mother\’s house, which was the address my brother lived at , before he went to the UAE. He is not registered at that address on the Electoral Roll and he now lives at a different address in the UK. He has not responded to the letter at all. Please can you advise where he stands here, legally and if this solicitors firm can chase him for this debt ? Can the UK issue a CCJ for a UAE debt ? What if he does nothing at all ? Should he contact the solicitors ? Should the letter be returned with \”retunr to sender\” stating he does not live at the address ?
SW skanked HSBC but is worried about their long reach…
ScotlandLove has an old debt…
In 2007 I left the Uk (Scotland) with a couple of thousand pounds of debt, first i tried to do the repayments regularly but then i could not access my online bank account anymore, after that I decided to send some money to my account so that I was covered for a while. It has been 6 years or so since the last time i sent money over there, i feel really badly but life got in the way and i could not repay my debts anymore, Lately i am thinking of moving back to Uk which it will not happen till mid 2014, i\’m wondering if i can still be contacted by my lender and try to get the money from me. Thank you very much!!
>>>>>>>>Stanley O’Statue-Barred has good news for ScotlandLove…
Gladys abandoned ship and is worried about news of a fraud team…
We left the UK for Oz 2years and 4 months ago. We left our house as we couldn’t sell it and some other debt approx. 20k. We know the house was sold and the current owner has stated to our friends that the fraud team have called. Now I am frightened as we have planned to return with my daughter who is going to uni in the UK. Will we be arrested at the airport. We left debt behind and nothing else. I feel sick.
>>>>>>>>>>>>>>>>’Debt Skipping Is a Happy Thing’ has an answer for Gladys…
Usually if there has been no fraud then you can’t be imprisoned for debt as it’s a civil issue. Your situation is quite common, people often abandon ship like you rather than go through the misery of repossession – the outcome is the same! If a fraud team has looked at your case, it’s only likely to be a standard bank procedure.
Ben has an excellent question…
Has anyone been “found” through skip trace and contacted in a new country?
Do people generally stay off social media like linkedin since people can see where you work? And even though they can’t get at you they could try to harass you or try to domesticate a judgement obtained at home country where debt is from?
RobD is leaving it all behind for a new life…
Hi, glad I found this site has given us some hope, our situation is that we are in UK load of debt, wife has job offer in Aus we are wondering if we can just hand house back to bank (NRAM), we also have 2nd loan on house with Moorgate, both were taken out when property had plenty of equity, now if we hand house back there will prob be a shortfall of about 40000, maybe more, our question is will we be pursued in Australia for this, and could we also stop paying our DAS and DMP for other debts, we have no other way of getting to Aus if we cant offload the debt, any advice would be welcome, thank you.
Sonu has some debt questions…
i have got a question my freind borrowed $10000 from a bank in new zealand and he was on work visa but his employer cancelled his visa and he has to go back in his country but he cant pay the loan so what will happend will he be stopped at the airport ? and one more thing his bank got a branch in his home land as well will they say anthing to him or ask for the money and if he wants to pay the money to them can he ? plzz let me know thanks in advance
DWH is thinking of bankruptcy in Australia…
Hi Thinking of Bankruptcy in Australia.
We been living overseas for nearly 4 years.Have 2 cheap investment properties Equity dropped we owe more than they would sell for.
Cards 36k plus local govt taxes & water rates 11k so about 50k short.
Income where we live is little not enough to help in oz .
Should I stop paying loans collect rent wait for them to Bankrupt me? or go voluntary BR Can we do it from overseas?
Dave is wondering whether to jump or be pushed…
Hi left oz four years ago debts have gotten too much, 34k c/cards and 13k in land taxes
Have 2 investment properties I owe 30k more than their worth.
Should i go voluntary BR or wait for them to take properties and BR me?
thanks need advice cheers
’Trapped in an Arab Cage’ wants out…
I would like to know if there are any Aussies here who have left the UAE with debt. I was wondering what would happen if I left owing money. (approx A$60,000). If they sold a debt to a collection agency does that agency have a right to seize my assets as I do have a property in Oz.
Also, there is a treaty that apparently UAE and OZ have recently signed which states that the UAE can make an enforced judgement.. does that mean that they can now seize your assets if the Australian court enforces it?
I\’ve been in UAE for 7 years and cannot take it anymore.. If i stay to pay everything off Ill miss the boat to have a family..
Please help.. Im worried the vulchers will come after me as I already get threats from an Oz company claiming to recover debt from an old defaulted credit card debt. That was only $2,000 and they keep hiking up the fees. so if Oz can seek to recover money and assets from Dubai then that would mean the opposite is also possible????
I want out.. but I want to start a new life without worrying about who is knocking on my front door.
Debt-Skipper is doing it maximum!
We’re moving to Oz in the next 12 months but leaving nearly 50,000 worth of debt……I’m taking a loan out (inc in the 50k about 4 months before we leave) the plan is to move to Oz, keep paying the monthly payments on each debt for 6-7 months until the money has run out and then try to forget about it. Never dreamt I’d be even thinking about doing this but we have no choice if we want to get our family there.
Would this be classed as fraudulent even if we keep up with the payments for this amount of time and how likely in your opinion would it be that the creditors to chase up??
PS do you think Aussie banks can check for UK debt outstanding?
Any help would be received verrrry gratefully!!!
>>>>>>>>> The Thin Line has a response for Debt-Skipper…
If you take out a loan you know you can’t pay back/never had any intention of paying back, then it could be classed as obtaining money by deception but it could be a difficult thing to prove – particularly if you kept up payments for a while.
In the UK, bankrupts who do this usually get a Bankruptcy Restriction Order – look at the Bankruptcy Heroes section of this site to read a few stories along these lines.
TDC skipped debt, but who needs enemies when you’ve got vindictive family members…
Hi, We migrated from Uk to Australia 4 years ago leaving behind approx 50K worth of debt. We had tried to clear it all up before we moved but our house sold sooner than expected so we left it otherwise we’d have moved with nothing.
My problem arises because my husbands daughter is getting married next year and we plan to go over (obviously) BUT my husbands younger brother for reasons unknown to us has been going around to our old address (for last 4 years!!) and picking up our mail which obviously has letters from our creditors. He has now told some of his friends that he intends to ruin our trip/daughters wedding by trying to get us arrested for non payment of our debts!
I understand that they don’t usually arrest for non payment of debts but just want to be sure. I’m sure I could actually have HIM arrested for opening OUR mail but I just wanted to check this out first. Could they stop us returning to Australia? Even if we’re citizens?
Wang has visa as well as debt worries…
I am from Singapore I started a company years back till 2 weeks ago. I am left my country to other country with 300k debts to my company dealings Now I am very worried about this debt and decided not to go back to my country but worried that my country will stop the use of my passport which makes me not able to extend my visa stay and not dare to look for job. Will they stop the use of my passport if any one of my debtors will to make a police report? I am now feeling very lost with no cash and hidding from police after that they will catch me. What should I do. As I really need to know what will happen. In the coming few days my visiting visa will need to be renew. But I am too scare to renew. Help is needed.
JFK is going to skip and become a debt refusenik…
I’ve got about 5k left to pay on unsecured loan in UK. Want to do one and start again in another EU country. Can they find me there? Will they try to find me there at all?
EU Citizen has had a dose of the UK’s hyper-capitalism…
Well my story is:
I live in UK since 2008, and last year Lloyds TSB offer me a loan £11k plus credit card £1.8k and I’ve accepted, but 2 months ago I’ve lost my job and I’m living a nightmare, I’m on JSA never been in this situation before, and I’m thinking to return to my country because I can’t afford this without a job and I don’t feel guilty, actually I feel like a victim.
Any advice i should take in consideration if i move abroad?
John wants his PPI money back but only if his debtors can’t get it…
I left the UK in 2002 and had a credit card which I owed money on.
Given the statutory time period has passed I also have the interesting situation that I had signed up for PPI without knowing so I am making an enquiry to pull my data from the cc company to see if I am eligible for PPI reclaim.
Will that flag my previous debt ? My debt was from the late 90′s.
Magster has the classic dilemma: when you have debt in one country but live in another…
I’m an Australian, left 2 years ago for a new job to work in the US. It was great for a while. After a while my US employer owed me 10k in work related travel expenses and unpaid wages, in the end he couldn’t pay me so I left the company, he disappeared to another country and then I couldn’t find another job for 6 months, so my credit card debt rose to $50k with 6 different banks. I finally landed a new job which is half of what I was earning in Australia, so paying my minimum payments each month has been exhausting, paying one bank here and one bank there. I approached a debt consolidation company in Australia to help me get something organized, they said they couldn’t help me as its in the ‘too hard basket’ since I live in America and my debts are in Australia.
Now I’m wondering if I just let it go, can they come after me? I want to go back to Australia next year to visit my family, hoping they can’t stop me at the airport! I married a US citizen, so in the process of getting my greencard so will be staying here for the next 5-10 years at least anyway.
Any advice would be appreciated! Thanks
Philip is a real debt fugitive need of some help from US debtors…
Hi. Greetings from South America. I am 65 years old, with a serious heart condition, currently living full time in La Paz, Bolivia. I did not move here with the intention of defaulting on my unsecured debt; but I am now unable to make monthly payments (on $7000.00USD in total debt) as 80% of my monthly income goes to my son, who also lives here. I have no intention of returning to the U.S., I don’t care whatsoever and have about the impact on my credit, and have no assets that can be seized. I am, however, a beneficiary of a discretionary trust. I calculate that my share will run out in approximately years. In the meantime, my monthly check is deposited in a U.S. checking account, where it stays only 1-3 days before I wire it to a Bolivian bank. Given my age, projected life span (10 years at most), I see myself as prime “debt fugitive” material. How likely is it that the long arm of the creditors will catch up with me here? It seems that your site is primarily aimed at former residents or citizens of the UK, but I am hoping you can answer in general terms. Thank you.
Peter wants to leave his unsecured debt in the UK…
Hi, I owe £28k on unsecured debts, credit card and bank loan but I own a property outright in an EU country. I am leaving the UK to move to this country so can my property be taken off me to pay these debts, you advise will be much appreciated, thanks, peter
A-Lynn wants some help from people who know the rules Thailand…
I worked in Thailand for a few years and then got sick and had to return to Canada. I left Thailand owing 2000 CAD on a Thai credit card. I plan on returning to Thailand in the new year on a tourist visa, find a new job, leave and re-enter with the proper work visa, as I have done in the past. My fear is that I have been \’blacklisted\’ from Thailand, due to my defaulted credit card. I would actually like to clear my debt on the credit card once I am working again but this won\’t happen if they refuse my entry or, worse, have me arrested. I realize I could come and go without issue in Western countries, but is it the same with Thailand? Would love to hear from someone that has a similar experience. Thanks!
Jai has worries about debt he left behind…
Dear Advisor, I lived in uk for 4 years but after that i couldn’t extend my visas as the law had been changed. When i left the country i didnt pay back my loan and other credit card balances. Now i need to obtain police clearance certificate to immigrate other country. This is my only hope to live. so please advise me, not paid loans will affect in my clearance certificate or not. To be honest until i migrate i can not repay the money because now earning very very less in my country .
Sean keeps it brief…
just wondering can UK debts be collected in the republic of ireland
Allan wants to do a runner…
Hi i live in holland and want to move back home cause mother is ill, but got about €14,000 debt, what will happen if i do a runner
Dax Force Ten has some worries…
great site btw i am north of the border in uk i am currently going through bankruptcy but my ex employer knows i am going through this and he has stuck the boot in saying i was working more day than i should have as it broke my restrictions i resigned due to medical problems i may face jail what should i do where should i go if its best to split
Jemima is bearing the brunt, just like everyone else…
Just after some advice really. I’m 31 and signed an IVA last year. After graduating I took out a loan to cover my student overdrafts and get a car. My crap wages went even lower 2 years ago due to recession not to mention the cost over everything else going up. I no longer have a car or any bills to my name. Can you effectively “go on the run” from your debtors changing banking address etc.?cheers
>>>>>> Nick Clegg’s response to Jemima…
You can just ignore your debts and move without telling your creditors. But if your debts get passed to a collection agency then they will try and track you down - no guarantee that they will succeed, some people have done very well here, particularly if they’ve moved abroad. Some people look into the statute barred option where they ignore debts for 6 years and then have them written off.
Ricardo is skipping the country for a new life…
Looking to max credit cards and leave with 30k or so as debt!
How long before it’s written off and how long will my credit rating be screwed for? Will the credit rating be bad for me in South Africa if it’s bad in the uk?
Barry Houdini has performed a textbook skip for life as a fugitive…
Firstly I wanted to say great site and I”m happy to see so many like minded people out there.
I’m looking for some solid advice, my story in a nutshell: Self-employed in the UK and found myself wondering why I was working my nuts off to no great avail. I ended in a situation where I had a bit of debt and a mortgage on a house in a rapidly declining area and felt like I was living to work (In a country that I no longer wanted to live in due to it being run in to the ground by idiot politicians and their banker buddys). I made the decision to do one instead of working my self in to the ground to maybe clear my debts 5 years down the line to get in to more debt. I stopped paying everything for 4 months and saved everything I could before loading my van with my most precious belongings and giving the rest to charity. I drove out the Uk and at the border posted my house keys with a nice letter to the bank stating I could not afford to pay my mortgage and had moved out, please repossess the house and the only way I could be contacted was via my email. I spent a wonderful 6 months travelling Europe with my German fiancee and now am ready to start a fresh in Germany. I basically left behind two or three CCJs, a mortgage which after charges I probably owe 5 – 7 k on, 4k credit cards, 1k overdraft and a few hundred in utility bills. My question is is any of this likely to follow me to Germany? Secondly I want to open a German bank account, is it unwise to give previous Uk address details or to give a false Uk address (Wondering if they will confer with UK agencies and my whereabouts could be discovered by my debtors? Basically what, if any of this is likely to follow me?
Very happy now and not at all stressed for the first time in years although I have very little cash or belongings. I want to start the right way in a country where I don’t feel like I’m getting shafted from every angle. The last thing I want is any of the UK Leeches hassling me.
Thoughts and solid advice from others who may have done similar very much appreciated.
Happy new year all!!
Martin wants to skank the banks and then bugger off…
Hey guys I’m an Aussie on a work visa in the UK atm. My Mrs and I wanna travel a bit more before we go home but don’t have the cash I heard around the traps I could get a loan or a credit card and just head back to Aus and forget about it and the banks can’t do anything is this right?
Jonny wants to know how far they’ll go to get him…
This is an excellent website. More power to you sir!
This is a sticky one:
I have recently been informed through a mate in the Uk that i owe 2700 in council tax arrears. Some of this is more than 7 years old! As you are aware council tax arrears are NOT statute barred,they can hound you forever like the scumbags they are. I am living in an EU state….can they:
1. after being declared bankrupt for this debt, enforce the judgement in spain or portugal?
2.can they then send round people to basically sieze the property….i know that UK bankruptcy laws allow for this and that being declared bankrupt will allow then the right to SELL not just place a \”charging order\” on the property. i paid cash for the house.
normally i wouldnt give a damn as all other uk debt is statute limited. this time im concerned. many thanks….i really think this is a top website….what your doing here is REALLY helping people out. Gold star ect etc etc!
I left the UK in 2009, left over 25k of credit card debt, 6.5k of personal loan debt and a mortgage repo. For years I had a credit card in the UK and paid every repayment on time then the credit card companies put their fees up and I started to struggle with the repayments, then the mortgage went up etc. An opportunity came to move over to the massive island down under so I went for it, spanked the credit cards for every last penny I could, applied for 4 more, spanked them as well then did a runner.
To this date I’ve not heard a word from any debt collection companies and if I do I’ll just move somewhere else. The UK money system is linked to Europe not down under, they CAN NOT trace you unless you’re silly enough to leave contact details. The banks are greedy and deserve everything they get. There are so many ex-pats that have done this it’s unreal. The amount of people I’ve met or spoken to that have done the same is unbelievable.
Will I ever repay the moneys owed?…NOPE. Can you get credit down under?…YES. Can I go back to the UK without being arrested at the airport? Yes, it’s civil debt and therefore has to go before a civil court. The only time you’ll be arrested or on file at a UK airport is if you owe tax or national insurance.
I hear and see people on media sites etc saying it’s immoral to do such things…..rubbish, over the last 20 years banks have offered credit to people who they know can not repay the loan or moneys borrowed. Greedy brokers making a fast buck at the cost of someone’s needs with sometimes horrible consequences, do they feel guilty, nope, so why should I and the thousands of other people who’ve stuffed the system.
Mike the Mechanic has skipped…
I am from England but was living in Spain and left (6 months ago) debts behind of 4k, which comprised of an unpaid credit card bill and unpaid taxes.
Can anyone please tell me if I will be chased for this debt in England ?
I have no intention of ever going back to Spain.
Jano waves goodbye to credit card debt…
Hi, I left Ireland and moved to Slovakia with 7 000 euro in credit card debt. Can I get away with it if I don’t intend to go back? Or will they chase me in Slovakia since we are in EU.
Thanks a million
Saint Nicholas has performed a skip on huge amount of debt (and I don’t blame him)…
Hi, well we left the Uk for a country outside the EU with approximately 90k of secured debt and 70k of unsecured, credit cards, personal loans.
Things just got too much, so when I was offered a position in this faraway land and an opportunity to escape this living hell we decided what the hell!! Just wondering what the chances are of us being contacted by any debt collection agency and what powers do they have to enforce overseas debt?
Geoff is California dreamin’…
WHAT HAPPENS IF I HAVE LEFT THE UK AND DONT FILE PERSONAL TALX RETURN?
Hello all. I have left the UK for California, I don’t intend to come back…other to see family once in a while. I have not posted my tax return as I will have approx 20k of tax due that I don’t have.
Can anyone tell me what HMRC will do if I just leave it and don’t file it? I still have a house in the UK that I rent out so would they come after me in the USA and would they be able to take a charge on my house? If anyone has been in a similar situation or can give any advice….I would really appreciate it. Thanks
Another Geoff. This one wants to bugger off for 7 years and then come back to no debt…
Hi can anyone help. I am going to take early retirement next year and go travelling around Europe for the next few years with my partner. I have a couple of small private pensions, dont own a property and owe almost £30k on loans and cc\’s. Ok so I need a bank account to be able to draw this pension abroad and how do I go on having my state pension paid into this account? I wont be back in the UK this side of 7 years when I will statute barr if I need to. I suppose what Im asking is do you have any advice on a bank account / PO account just to draw my pension whilst travelling and one that my debtors cant get at.
Any advice will be welcome.
Lommy sends a classic – print it out and pin it to your wall…
I think many people don’t understand that debt, to be pursued by banks, or any institution for that matter, will only be pursued if large. Letters will be sent, every month, getting redder and redder. However, if ignored then the bank will only as a last resort send a visitor. If you are not there, then there is little they do, until the debt comes for review.
That is when debt collection agencies step in, with their men in armour. Debt collection agencies are the ones who put huge costs and interest on the debt, and will enforce that, legally, in the country of debt.
However, please note. Bank debts/CC debts etc. are “sold off” by said institution, to the debt collection agencies, who buy them!! Once sold, they no longer belong to the bank. You owe bank/CC nothing, and only the agency. Debt agencies buy debts they know they can pursue, and are generally small risk debts which “can” be obtained, and at large profit.
It would be very rare, especially in UK which I refer to, for a debt agency to buy a debt from anywhere, if it is known that the debtor lives abroad. Debt agencies also have risk factor, and if they find that a debtor lives abroad then the costs have to be weighed. A 5,000 pounds debt would not be worth pursuing, as it would cost them more. 30,000 pounds would possibly be worth pursuing, but pending which country you are in, that would likely be written off too. It is the small fry they make huge money from. Even if they find you – which can be difficult in some countries, quite often (in most cases) they cannot enforce a debt abroad. Can you imagine a debt agency from UK trying to enforce a debt in China or Laos or the Philippines? Can’t happen.
Once abroad, don’t even bother to make payment. Declare yourself bankrupt in your old country of abode. Don’t declare your new address!
And then Jim follows up Lommy’s great letter with one of his own…also a must read…
It is interesting that when banks have financial difficulty, the government bails them out. When senior executives, Politicians or entertainers have any financial trouble, a quick bankruptcy and they are off the hook, they then move on with their lives. The people who struggle, are the working class and middle classes. They are truthfully the people with a conscience, even if they cant pay the loans back. Most of the money they owe is invented money by the banks, the interest rates are theft and they end up being chased by the biggest scammers of all, the debt collectors. If you can get away without paying them back, well good luck. If you can move overseas, let the creditors know you are moving overseas (don’t tell them where) and there is a good chance they will write off the debt. In fact, with poverty as widespread in the UK as it is, with the violent crime, failing infrastructure etc. I would tell anyone that can, leave. Green cards for the USA are very difficult to get, Australia, NZ and Canada aren’t really interested in immigration that comes from the UK, so apart from Eurozone, there really aren’t a lot of options. The UK is going down the tubes quickly, so get out now and use the money you take to start over.
Kiwi Buster is a fugitive in waiting…
hi – I was in NZ for a few years, I paid my bills, however I have an unpaid gst as well as taxes which i intended to pay however my finances hit rock bottom, and it has now been nearly 2 years and still haven’t filed.
I owe about 5 months worth of gst for a business in nz which is now shut down as well as personal taxes, they may well owe me money however i just don’t have the time or inclination to work it out, can they go after me in another country ?
can they arrest me or my children if i was to enter that country again, and can they go after me if i have left the country permanently ? thank you for your help
I am the master. I owned a financial services company for twenty years..good guy, always wore the white hat and my clients sent me their kids and their kids kids. I watched as the big banksters bought up all the real estate companies and installed their own rip off firms that dictated agents use them over us..even though we offered way way lower rates and terms. We were left with these same companies telling us to sell subprimes (which I refused to allow) and screw our customers with $hit products raping them while reaping huge fees for these same vultures…
But they didn’t know that we were pretty smart by then…we’d worked for them ..we know how they operated….he he he….
Time for the screwer to become the screwee (Just think Jack Black in King Kong)
get the cards, pay a few months, pull the cash in odd amounts under 5K
Open a blind Delaware Corp & get a tax ID. Open a bank account with the tax id …then let the corp lapse.
Put all monies in the bank account and get a visa debit….then….
Buy a boat…have a rum drink or a G&T…..enjoy life and remember..Jack Black had the right idea.
YOu can get anything you like phone anything all outta the corp card and they con\’t find any of yer dough. Just don\’t piss off the IRS because they can certainly get you.
Bal is pondering: do I pay or do I go now?
Hi All, I have a uk debt of around £60,000 and also have the chance to go and live in another country which I\’m not quite ready to do as my partner has to sell their house to finance the move. My debt is mainly cc debt which I have at the moment on 0% which is still hundreds of pounds a month to pay ,should I go bankrupt or just go and forget the debt ? I live with my partner but we are not married,could the house be taken to cover the debt? I would be grateful for any advice.
Just wondering if anyone sees this whether they could be kind enough to offer some advice regarding an idea of mine. I have a very small (hundreds) pay day loan overdue that I’m dealing with in instalments, I’m unemployed (18 years old) and living with my parents. I’ve always wanted to escape to another country, namely the States but other places would suffice. I know most people flee to avoid debts, but is there any stock in creating a debt in order to finance the flee in the first place? If so, how much should I take, will I get my mum or other family members in any trouble (ways to avoid doing this) and what tips do you have for staying in the country without getting booted. Cheers, Danny
Advice needed for skint retiree;I am well over retirement age & living in UK but the pension is a pittance due to historic admin errors. I am paying off £55K unsecured loans.The equity on my house is about £100K. I am thinking of selling up & moving to Cambodia.Two questions: 1. Will my bank account be frozen & 2. Can I get a criminal record for fraud? I could live my Autumn years in relative comfort in Cambo but I am living like a captive gerbil watching every penny in grey UK.
Great website btw.Henry.
>>>>>>>Live Free in Asia’s response to Henry James > > > >Debt is a civil matter and I doubt selling up and running would count as fraud. If you were to sell up, spend all your equity and then go bankrupt then you’d probably get a harsh Bankruptcy Restriction Order like some of the guys in the Bankruptcy Heroes section did. But to answer your question, there’s no reason why you couldn’t take your money and skip. £100k would go a long way in Asia.The only way your accounts could be frozen was if lenders petitioned to have you declared bankrupt or the lender you’re defaulting on is the same lender your account is with.
Holiday Maker recognises an opportunity…
I am traveling in Australia on my last year of Working Holiday VISA. I have 10K$ of credit card debt and I am thinking about going back home without paying the bastards. I live in a small country in Europa and am wondering if it might come haunt me afterwards if I go so. What do you think?
Hi… I am desperate for some information. I have a total debt of about gbp 25k in UK, which was reduced to Gbp 11k via IVA last year. I am losing my job next month and am planning to move to India or UAE. Can anyone advise me what to do? Will the debt follow me in India or UAE?
Ann knows the rules of the game and is planning a smart play…
: Hi, Finding this page is giving me courage to do what has been going through my mind. Living in the U.K has become so depressing that I am reaching for desperate measures to flee. I lived in Tenerife a few years back for 5 years and now am desperate to return but am single and not very confident about setting up on my own. I am seriously thinking of maxing out my credit card and buzzing off. I presently owe roughly £3,000 on it and my limit is £10,000. I’m assuming from reading all the stories on here and the responses that I won’t be tracked down over there. I just need to figure out now how to get the cash without raising suspicion from the card company. I can’t just go and lift out £7,000 from the ATM. Can I?
>>>Bit by Bit’s response to Ann >>> Take a few hundred out every week!
Frank could be leaving a hole in a bank’s balance sheet…
Hi there - Got a question I am not british but lived and worked in the uk for 13 years. I had been made redundant 2 years ago and tried to run my own little business, didn’t worked out and I am now £20.000 in debt.
I don’t get jsa as I don’t paid enough NI contribution for the past 2 years (the other 11 years when I worked and paid plenty NI won’t count) fuck it, fuck my debt I go back to my country. What will happen to my debt ????
Suszie has worries…
I have lived in Italy for 25 years.I was ill for a while last year and had a breakdown. I owe 1500 sterling to lloyds jersey, which is the outstanding sum on a 20,000 loan I have been paying back for years and 11,500 on a credit card. I am on a part pension fron the UK that gives me 750 a month, just enough to get by on. I also have a uk limited company that makes a loss each year. no assets in my name anywhere. Visa and the bank were writing to me after I stopped being able to make the monthly payments but these have stopped and i haven’t had statements for a while either. I wrote in October to both indicating my desire to clear the debts and asking them to freeze interest but got no reply. I sent copies again 3 months later and still no reply. Its now end march. What is happening? Are they taking me to court or selling my debt on? I am very scared and anxious. Should I write again or stay silent now?
Unlucky is worrying about nothing…
I have borrowed money from a payday loan Company (£1200) and day after closed my UK bank account (basic with no overdraft) and day after went abroad for good (I am not coming back to UK). I live in EU country and have a mortgage and bank accounts in that country I live in now. Do I need to be worry if I never plan to come back to UK? Are they going to find me or worst pay it back, or go to jail?
Thanks for respond in advance for your answer and help.
James wrote in caps and I couldn’t be bothered to change it…
HI IM BACK HOME IN THE UK NOW I UNFORTUNATELY SET UP A CREDIT CARD DEPT OF 15000 AUSRTALIAN DOLLARS IM LOOKING FOR SOME ADVICE AS WHAT TO DO IF I HAVE TO PAY BACK AS IM IN A LOT OF DEBT AND CANT SEE FOR A LONG TIME IF I CAN RE PAY IT I WAS WONDERING DOES IT GET WRITTEN OFF IF IM NEVER PLANNING TO GO BACK OR WILL IT FOLLOW ME TO THE UK AND EVENTUALLY HAVE TO PAY IT IM NOT SOMEONE TO RUN AWAY FROM MY PROBLEMS I JUST DONT NO HOW TO GO ABOUT IT AND ANY ADVICE ON NOT PAYING OR PAYING WOULD HELP.
I just thought I would share my experiences with people on here, it might help settle some nerves.
Several years ago (less than 10) I contracted cancer .. I was self employed and my wife had just become pregnant. Short story is I couldnt work, we lost our home to repossession, moved into rented and ended up owing around £140,000 to various lenders including the inland revenue. I never replied to any threats about \”door knockers\” CCJs etc. I accumulated CCJ’s but for 3 years not a single person turned up at our door, except finally 3 people in the space of 4 months. 2 asked if I was ” joe bloggs ” which I am , so I said “yes”. And finally the revenue turned up. I didnt answer the door. I phoned them back and told them I was out, and that I didnt have any money. She was very nice and said the only option was I go bankrupt. I said that it would cost me £450 so if they wanted me bankrupt they could pay for it. She laughed and said thats what they would do. She wasn\’t at all rude or annoyed, she was genuinely sympathetic to our situation. 1 year later they finally made me bankrupt. Not a single thing was taken from our home (rented) we managed to keep our car and all our stuff.
Now we moved to another country in Europe (its sunny). And again I owe the revenue but no one else. I hope my tale has assuaged peoples fears, some stories on here seem insignificant in terms of the debt amount to me, so people shouldnt worry too much.
I do have a minor concern that the revenue might think it worthwhile pursuing me here, but I don\’t honestly believe they will.
Winnie the Pooh did a skip, leaving an empty honey pot for the debt collectors…
I have lived and worked in UK for 8 years. I left in 2008 after it apeared that I could not afford to pay mortgage anymore. It also happened that the NHS /i used to work for them/ had overpaied my maternaty leave and wanted me to pay back…i was not aware i was overpaied! I was in a bad situation, I had to spend about 4000 on credit cards…I decided to leave for my home country and send the keys to the mortgage company stating that I want the house to be reposessed. We live hapily in my homecountry with my little daughter….but my best friend in UK is getting married in April and I want to go to her wedding…am I going to be pulled at the airport?I have recieved a couple of letters in 2009 from a latvian company, but havereturned them saying the person is unknown at this address, have heared nothing since….
Rasher could do with some proper advice…
Please can someone advise? I left the Uk to live in Europe some 7 years ago. To cut a long story short, everything that could go wrong did go wrong and I ended up having to live off my UK credit cards for the first 18 months, racking up over 10 k of debt. The bank did and do not have my european address but I had given them my temporary address in the Uk (which was my daughters rented flat at the time). My daughter then moved on and as I had no UK address to have my mail sent to I contacted the bank to ask for online statements instead. They told me I wasn’t eligible for this service because I was in arrears with my payments. Although I had continued to make what I believed to be the minimum payment each month, the bank had increased the interest rates, changed the payment dates so late payment charges had also been added and it appeared I now owed more than I had actually borrowed! I then started receiving demands on my mobile phone (UK number) requesting I make immediate payments to help reduce the arrears. I stopped using my mobile as they were harassing me daily and I just couldn\’t afford make the payments they asked for. Once back in Europe and dealing with a million other problems I thought I would just carry on paying the minimum payments with the intention to sort it out once I was in a better position. With no statements received, and no contact from the bank as to the amount now outstanding (I estimate I must have paid them around 10k over these past 5 years). However, if they have been adding interest as before I probably owe them another 10k!!! If I suddenly stop the payments now will it trigger off a reaction by the banks to try to find me. The payments are made each month from my UK bank which is registered to my european address – can the bank (to which I owe the credit card debt)trace me via my bank I make the payments from? I don’t know what to do – I can’t really afford to continue with these monthly payments but terrified to stop them. I am also planning to return to the UK permanently to work – will this situation affect my future?
Hoping this makes sense to someone and desperately need to know where I stand. Cannot tell you how much stress and fear this has caused as I\’ve always been an honest person and always paid my debts but this situation was caused by a series of events beyond my control. This site has given me so much reassurance to know I\’m not alone. Thank you to anyone for advice.
Hey all Canadians out there! Can you help White Socks, she wants to skip debt in Canada…
Ok so I live in Canada, I have about 12 thousand dollars debt credit card and phones and 2 children on my own..
I cannot afford to pay off my Debt, I cant even find a job. Is it possible to legally move to another country if you have debt in Canada?
I would like to move to somewhere in Latin America? Will I still get a working visa or permission of residency?
Stevy needs helping choosing country…
I am an American citizen and have a debt for about 60k in Germany, currently hiding in China. Yes I know its not the best place but fell safe for the time being. I know Germany has some very hush laws about the debt.
Any advice if I can maybe move back to US or Canada or even UK. Also can they track me down in China and do something about?
Eddie has done a classic skip but needs to smooth a few things out…
I racked up £30000 of debt in uk changed my name and ran to Asia. My state pension is paid into a friends account and he sends me cash every month – today he got 2 letters from collection agencies just sent to occupier. One letter asked if he knew my old name whereabouts and another letter asking if he knows my new name and if i am living there. Have no idea how they got the address, now a bit worried they will contact the pension service and stop my pension and also what should my friend say to the companies concerned? I need a mailing address to receive my pension. My friend was going to say he doesn’t know anyone with my new name and hasn’t seen the old name for 2 years – could my pension be stopped? I stopped paying cards in dec 2012 bit worried for my mate and worried my pension could be stopped any suggestions what i should do?
>>>>BangCOCK Lover’s response to Eddie…
May I congratulate you on a perfectly executed skip, sir. I very much doubt that a private company, with whom you have a civil debt issue, could suddenly assume the power to directly access or even stop your pension. I politely advise you to relax – debt collection firms buy debts and are then incentivised to go and find debtors, so they try whatever they can and this includes picking up cold trails and knocking on doors. But they won’t find you. Once you’ve managed six years with no contact then look at getting your debts statute barred.
You people make me sick. I pay all of my debts. I convince my girlfriend to pay all of her debts before I marry her. Even still, a**holes like yourselves cost the banks money and cause them to increase interest rates on my future loans. You are no better than the corrupt corporations and politicians who do the same. If you think you are justified, tell your children what you did in 20 years when they’re interest rates are back to 20% (exception to those who landed in debt due to unforeseen circumstances). The rest of you, I hope you get raped.
Wendy went bankrupt in Australia…
Hi, can you get money or credit anywhere while currently bankrupt? I’m one year in, in Australia and need short term loan of $3K urgently in order to move. Have income of over $100K but have to make debt contributions plus rent and everything else for family of four so always short. Any ideas??
Doctor has a struggling business and is thinking of skipping…
In debt to government about 12k and owe 40k to suppliers. Business is going bad since recession hit. Have job offer in Canada and am considering just skipping out there and leaving it all behind. Or should I declare bankruptcy before I go. In Northern Ireland so Ofical Reciever could stop me going. Any advice appreciated.
Pran has a few issues…
hi i have little tricky situation i hope u can guide me
i was i UK from2005 to 2009 in that period i got debt by card and loan around 20k but unfortunately my visa expired so i have to leave UK again now in 2013 nov i came on my partners visa but im receiving loads of letters and email tricky situation is this when i left UK i was working in nhs and i got paid for job even after i left it that means NHS paid me extra 4 months salary now they send me summons
now i have daughter and no job so not in position to pay any1 but wish to
just thinking to leave uk but my question is can i come back and visit my partner who is here and can this will be criminal case of overpayment as they send me draft of summons
please reply soon i have small kid so i can decide future things
i wish to stay but things are not working for me
please guide can it become criminal case and important if i go out of uk can i come anytime and just visit my partner
Nik wants to know about cross-border referencing…
I am very happy to see that I am not the only one with unpaid debts:).. well I was in Australia for 5 years on a student visa.. back then I got debts of $25000 which I could’t pay back & I went back to my country in Asia on 2012 but as now I am married to a women from UK.. would it be a problem to get a bank account in UK? will they chase my credit report from australia? I don’t have to tell the UK banks that I lived in Australia as I recently renewed my passport..
Full Time in Trouble has big debts and car trouble…
I owe a debt of £60,000 in UK and I am 22. I had a really good business and was earning too good until I was introduced to casino. I lost my business and everything I had. My credit was sky good due to my bank balances and business.
After losing everything and getting mad I went to finance two cars which are about £20,000 each and Having riding them. One of the car has been taken away and also had no insurance on. Now I am wondering where it has been taken to. or who took it.
Can I get away with the other car?
Andy B will club any debt collector who darkens his door…
Ok – so here is the big one I’m 30 and in about 17k worth of debt (payday loans and about 12k from a failed pub venture last year) so my big question is: if I bugger off to Italy to live (my payday loans are about 5 years old and I have pretty much told them that if they come to the door they will meet a 7 iron:) will the gits follow me for the debt?
Abby2010 is planning to disappear…
Hi, I have a I’m very happy I found this site.l have some worries,I’m in a big debt 35 k, some personal loans credit cards and car finance.all those debt except car loan are with debt collectors, but I don’t have job now for about 4 yrs, my only income is from social welfare, anyway I’m here in Ireland, now I’m going to move house, my plan is I don’t pay all these debt coz I really don’t have enough I have 2 kids my husband no work as well, my question is you think they can trace me?how about the car my husband using it only my name in credit, I’m so worried don’t know what to do, need some advice, thanks a million.
I have a sh*tload of debt of about £70k owed to Barclays for overdrafts, loan and credit cards.
I stopped paying them about 3 months ago and its getting to crunch time – is it normal for them to go to court to make me bankrupt? Im not too concerned as I have already moved overseas, but I do still have a house in the UK that I am trying to sell and get my cash out of it.
Would hate those slimey little buggars to get their hands on the equity if Im made Bankrupt…
Once its sold they can shove where the sun don’t shine
In the meantime should I be worried about them making me bankrupt while I still own a good asset?
Asian previously skipped and wants to know if he can come back…
Hi every one.. Plz help me..
I left from UK in 2010 and now I am going back to UK Now.
The problem is I have 3k bankrupt in past n I didn’t pay bank now what is my status could I go to UK NOW ??
Plz help me guys… Thanks in advance
Hi there just found this website and looks to be exactly what i am looking for. MY partner and i are tired of the immensely expensive living cost here in England and getting screwed by every business i work for be it underpaying or not wanting to pay holiday pay. So now we have both decided that we will move back to my home country being south africa.The thing is i am from there and i know that the only way to enjoy life there is to work for yourself so i am gonna be needing a small portion of money say 4 to 5k sterling to start something small. i have time and time heard of people and know a few who decided to rack up as many credit cards as they can darw all the money and leave and never hear about it again.so basically what I’m asking is if i now go and max out 5 cards adding up to a 5000 pound limit draw all the cash and leave it there any possibility that i can find my self in a world of trouble a year down the line back home in SA??
LETTER OF THE WEEK – THIS IS WHAT YOU DO WITH ALL THE FREE MONEY ON OFFER IF THEY ARE GREEDY/STUPID ENOUGH TO GIVE IT TO YOU
You ain’t seen me…right! – this dude wants to take out a heap of payday loans and run off with the money…
I am going to run up some debts in a couple of years time and leave the UK. I was considering taking out lots of payday loans simultaneously on one day, would this work, i.e. how quick do the CRA’s update the records to show applications?
This is how easy it is to take out multiple loans:
People get into tens, sometimes hundreds, of thousands of pounds of debt because it is possible to borrow from so many sources. Obviously when you take out the loans you believe you can pay them back or else it’s fraud… But how do you prove fraud? Only if you’d never made any payments on the loans I would have thought.
Phil is planning to skip and leave his debts…
Hi I have UK HSBC debt, about 12K Can/will HSBC follow this debt to Asia, they have branches here? Cheers Great work this site
Thanks Phil, glad you like the site. They will follow you if they know where you are!
PIP IS IN THAILAND AND THINKING OF CUTTING HSBC OUT OF HIS LIFE…
Hi I am in Thailand I have UK credit card debts. Which I have been serving, but can not continue any longer. They are aware of the problem and have been helpfull and understanding.
My main Question is regard HSBC, my UK bank. Now I have a small loan balance, an overdraft and an HSBC card balance. HSBC balance is about 14K pounds. I have asked for help, a consolidation loan, but they refuse as I am a NON UK resident. If I pull out of this bank, direct my pension to me here in Thailand, Can HSBC follow me/the debt here?? There is HSBC bank in Bangkok
ABANDONED CREDIT CARD ALERT! – RORY SHOULD BE HOME AND DRY
I was recently in Australia on a one year working holiday visa. My AUS bank gave me a credit card with a AU$10 000 limit. I have spent that limit and can\’t afford to repay it. I am now back in the Uk. I will prob return to Australia only on holiday not to work. Should i worry, can they get me in the UK?
I am an undischarged bankrupt. I have given up working in the UK as the Official Receivers wanted to put an Income Payment Agreement in place that would\’ve locked me into a 3 year payment plan with only a meagre living allowance and a maximum of £10 to spend on emergencies each month.Screw that! I understand if I\’m out of work in the UK until I\’m discharged in less than 12 months I can then go back to working without any worry of an IPA being put in place. However, what if I choose to move to Ireland to work before I am discharged? What are my options then? Can the Official Receiver chase me in the UK for money earned in Ireland if I elected to become an Irish resident paying Irish tax? Do I need to tell the Official Receiver about this employment?
Wannabe Fugitive is heading to Australia and leaving a pile of debt behind…
I have been offered a position to work in Australia. I have approx £12,000 of debt here in the UK. These are unsecured credit card agreements. There is no-way that I will be able to pay these off whilst trying to support my life in Australia (i.e. pay rent, buy food etc) on my new wages. If I were to leave next week – what would happen? would they chase me in Australia – i don’t plan on leaving a forwarding address. Would they chase my family – i live in rented accomodation where nobody knows my family!!! I already have a job sorted and will start a new credit rating scheme … So i guess i’ve answered most of my questions but … Is there a better way? Can i enjoy my new life and not be stressed about finding the monthly £329 to transfer into my UK bank. I’m sorry UK you’ve made it too difficult so what i think i’ll do is take the remaining £4000 from my credit cards and declare myself bankrupt AFTER i leave the country!!!
Hi, great site.
I’m moving to Asia next week planning to leave debt behind.
Problem is the bank, in all their wisdom, offered me a small 4000 loan a few days ago which I obviously took.
I have no problem not paying but I’m worried that if I rinse my accounts as soon as I’m in Asia them it’s obviously a planned thing, which from what little I’ve read could make it a criminal rather than civil matter. I don’t want any warrants out as it might make future travel difficult.
My other question is can the bank (tsb), find and take money from another account I have (cooperative)?
I plan to open a bank in Cambodia after a few months and put it all in there, but until then would it be safe in the other bank account?
Total debt is only about 6000 inc credit cards/loan/overdraft if that helps.
JAKWOB’S SPANISH TRAVAILS…
Hello, I have recently moved back to the uk from spain, where I managed to accumulate debt from bad choices and bad friends. I leased a flat in my name for a friend to let, which left me in debt of 8000 euros which I believe was court orderded, and took a fine for a friend from the policia for 1000 euros. I have no idea who to contact or how to even begin setting up a payment plan. But my main worry is that I want to return to spain next month for a visit, but will I get stopped at the airport? Any informatio would be great.
BILLY IS THINKING OF BECOMING A FUGITIVE…
Hi there, I’m in the army posted in Germany & I just got a 10k bank loan. I’m now posted to the UK can they catch me if I don’t pay it ? please email me back thanks
CHARLOTTE WANTS TO DUMP HER DEBT FOR THE FUGITIVE LIFE
So my situation is…
I left the UK with about 8,000 pounds worth of debt. Paid the payments up until Nov last year from my UK and Aus bank account. Since then I’ve stopped paying my UK bills. I am only going to be in this county for another year then I’ll be moving on…
Q1. Should I change my bank to a different one?
Q.2 I will need to renew my passport soon could the UK debt collector track me from doing this and stop me from getting a new one?
Q3. If I go back to the UK to visit family in the next few years could they stop me from leaving the county?
I did look into bankruptcy but its pretty expensive!
DAN IS SICK OF SCAREMONGERING…
Hello, could you tell me if you know what laws exist for British people emigrating to Oz with debts. I have read moneysavingexpert, and they make out that the SAS will storm my house in OZ and take me to Guatanamo Bay. Are there any laws in place that you know of? Thanks
LINDA GOT CAUGHT OUT AND IS WORRIED ABOUT CROSS-BORDER CHASING…
I got greedy and bought two properties in Cyprus but when the credit crunch happened I couldn’t afford to keep up the mortgage payments. The banks are now threatening me with legal action and they are saying that they can claim any savings, property etc. I own in the U.K which I believe is happening to many people who have bought in Cyprus. However, I live in the Channel Islands and we do not belong to the Eurozone. Can they still chase me?
TO PAY OR NOT TO PAY? IS TEMPTED TO GO MEGA!
About to go on a 4 year VISA to Oz with the wife and kid with the intention of making it permanent. Have had to sell the house in order to release some capital to make the move and was struggling to keep things on an even keel. Big question is, keep the full 85k left after the house sale or pay off the 40k debt leaving 45K? I’m guessing get settled in Oz first for a year, continue paying debt, get things set up and make a decision after we feel we have settled possibly? Any do’s of don’ts in this situation? Much appreciated
WELL DONE THAT MAN: KUMAR TOOK THE FREE MONEY AND RAN
I was once a bright and smart young man from India who went to the US in the early 2000s to get a post graduate degree. My boss, the ultimate bitch, fucked me over while I was about to graduate by refusing to pay my stipend and I turned to credit cards. My science job never paid enough for me to pay back my debt, instead I kept getting deeper into debt. US credit card companies made my life hell by increasing the interest rates during recession of 2008. I kept worrying about my debts so much that I started having health problems and lost my concentration on the job. Finally, I was diagnosed with a stress-induced lifelong illness after which I decided enough was enough, I won\’t let the credit card companies ruin my life anymore. So I happily took out multiple loans, and maxed out all my cards and left to the third world. Before I took this decision I was 30K in debt, now I am 60K. I am determined to say fuck you to those who come calling.
>>>>I WENT BANKRUPT SAYS: This is a pretty brilliant thing to do – use credit card and loan money to buy yourself a place in certain parts of the world and then you’re sorted forever, able to enjoy your life and drop out of the rat race.
GERMAN/AUSSIE/SCOTTISH RAN FROM DEBT AND IS BEING CHASED
Hi I’m from Scotland and I lived in Germany for a year about 5 years ago. I borrowed 10 thousand euros from my bank that of course at the time I was intending to pay back. Long story short I ran from it when I returned to Scotland. At the time of getting the loan I must have given them my parents address as it was on my passport which they copied. My parents now receive letters every month or so but they say they are looking more alarming as time goes on. They are worried as my dad and I share the same name and if I’m in trouble that they might come knocking on their door and collar my dad for the money. Basically I’m wondering if A) they will ever stop; B) If there is actually any way for them to target me or my family and; C) other than pay it back can I stop them coming through like maybe returning the letters saying no longer living at this address. Any help would be great.
JANES IS BEING MADE BANKRUPT IN THE UK WHILST LIVING IN AUSTRALIA
Hi, my partner has just been made bankrupt in the UK by HMRC, for a 30k debt. we now live in Australia and have no plans to return to the UK. We have a house in the UK, which has very little equity, so it wouldn\’t cover the debt anyway – this is in both of our names.
We are waiting for contact from an official receiver, but I\’d like to know, what\’s going to happen, as my partner doesn\’t like to talk about the situation.
Will they make us sell our UK house?
Will they freeze his UK and Australian bank accounts?
I’m so worried about how this will affect our lives in OZ
Any help would be appreciated
DOTTY HAS DEBT DILEMMAS BEFORE A MOVE ABROAD…
What a great site. My problem: I am hoping to retire/move out to Oz, I have £40k in UK debts, unsecured and 2 CCJs. I have a house in UK with £30k in equity which I intend to rent out. Can I just not pay debts when over there, will creditors take the house? Or shall I sell the house before going. I did intend to carry on with payments, but seems so pointless, and in light of how easy it was to run up so much debt, who really cares anyway, they can’t shoot you for it!! Please help. I’m also going out on ETA and then applying for on-shore Aged Parents Visa, which takes thirty years to come through, you get a bridging Visa while waiting. If I ‘do one’, what a great phrase, will I be able to visit back in Yuk and get back into Oz. Many thanks, please answer. Xx
ANGEL IS WORRYING ABOUT NOTHING…
Dear John could you kindly advice. I left the UK and some debt about 3 years ago, however now my child passport has expired, . Will the passport agency hand my details over to the banks/ debt collectors when I send the passport over to england to renew it? Kind Regards
>>>> NO! This will never happen.
We have moved house 7 times in 8 years due to my husband’s job changing. We are English but lived in England, France, Germany and Ireland. It’s cost us a fortune to make all these moves + not great decisions made as a young couple.. we were pretty stupid and got things on credit. So now…
We have 30K Euros debt in Germany and £16K in the UK (and owe dad £7K as well when he paid off a credit card, which I regret agreeing to).
We live in Ireland now – and don’t have debt here because we live like monks and the kids get everything (1 disabled kid = lots of expenses in Ireland). Life blows. We can’t ever plan a holiday, plan to do anything without the knowledge that we are getting deeper into debt all the time. Life is just one day after the next and I can’t say that I particularly like doing anything any more – except for my kids of course (which is why I haven’t left my bag by the rail tracks!).
I’m terrified to use the credit card and terrified not to – because – with the debt payments going out to Germany and the UK each month we run out of money 3 weeks into the month and end up putting that little bit more onto the English card and increasing the worry.
I would LOVE to write to the German bank and say – sorry – we can’t cope any more.. goodbye.
We would be 30K euros better off! My husband says ‘no way’ – it’s not moral. He would rather live like this and pay back the mistakes we have made rather than have debt collectors on our doorsteps.
He says that we have paid from the Irish account into the UK account and German accounts – and Germany has our Irish address (the UK doesn’t know we live abroad or they would have pulled the credit card years ago… they get their payment and ignore that we don’t put a salary into the account!!).
So – My husband worries that they are going to come after us and we will be humiliated, and his parents would find out (bottom line he’s worried about family humiliation).. but I ask YOU…
Will Germany follow us to Ireland? Even if they have our address (which we’re leaving in 6 weeks anyway)..
I tried to get debt help in Ireland but they couldn’t help me – because non of the debt is Irish debt!! So, any ideas who can actually help me and let me know the true risks involved in dumping that German debt?
Firstly, we all make mistakes when we are young. But there comes a time when we have to let go and stop feeling guilty about this. It sounds as though you have both learnt some tough lessons and have radically changed your behaviour.
Reading your letter, the thing that jumped out at me the most was the moral aspect preventing you from defaulting – this to me makes no sense when you consider why the banks leant you this money: to profit from you. And boy are they profiting from your misery. Debt slavery is their business model and they have you exactly where they want you: indebted and morally committed to repaying their immoral and irresponsible loans to you.
And now to a more practical suggestion. Many years ago there was a lot of reports in the news about German bankruptcy tourists coming to the UK to set up home (or their Centre of Main Economic Interest to use the correct technical term) in order to go bankrupt in the EU’s most favourable insolvency regime where you could be debt free and discharged from bankruptcy in a year. You may also have read about all of the big Irish property developers who did the same thing when everything went pop back in 2008. I suggest you research this and give it some serious consideration.
Finally, in my view, the stigma of bankruptcy is not what it was – particularly when there are so many people who’ve run up massive debts and who are then forced to go bankrupt. Part of the motivation for singing from the rooftops about my bankruptcy was to help erode this stigma and help free people from a mental prison that prevents them from getting on with their lives. We only get one life so why spend it in needless misery and debt slavery. Lorna, you and your husband have more than served your sentence – it’s time to walk free…