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Ron.ley
Starting Member
1 Posts |
 Posted - 26 May 2010 : 12:55:34
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| Can a house overseas (non-EU) be seized? |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 26 May 2010 : 16:05:50
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Hi and welcome to the forum.
As far as I'm aware any property, overseas or not will become part of your BR estate.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
34 IPA payments made, 2 to go - not long to go now! |
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Bridgewood
Junior Member
United Kingdom
222 Posts |
Posted - 26 May 2010 : 17:24:02
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Hi Ron.ley
As Skippy says, any property owned by you, or in which you have an interest, is an asset in your bankruptcy, and you have a duty to declare it to your OR/trustee.
If it is not in an EU country it is sometimes harder (and more expensive) for a trustee to deal with it, but it is still an asset (assuming it has a value)
Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.
We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support. |
Edited by - Bridgewood on 26 May 2010 17:24:37 |
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debtinfo
forum expert
2826 Posts |
Posted - 26 May 2010 : 18:23:12
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| exactly as bridgewood says |
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Can a house overseas (non-EU) be seized?
