All Forums  New Questions  Forum Questions  Property Abroad

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by pete[/i] [br]Hi, Firstly, I've been a regular visitor to the site for a while, checking other people's posts etc and i think it's fantastic, very helpful so thanks for keeping me sane through this difficult period of my life. Anyway, I've finally decided on bankruptcy and have a couple of questions that I haven't been able to find the answer from other users of the site. One big concern for me is I own a property abroad (outside the EU) which has a large (foreign) bank loan against it (roughly equal to the value of the property). I've repaid just over 2 years of that loan but there's another 8 years to go. My questions are: When bankrupt in the UK, what happens to that loan - is it also included in the bankruptcy and will that foreign bank have to accept the UK court's decision? What happens to the property - will the OR force me to sell it and I still end up with having to repay a loan abroad? What happens if I don't list the debt in my bankruptcy application? Thanks for your help with this. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.