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lightattheendofthetunnel
Starting Member
27 Posts |
 Posted - 09 February 2009 : 02:54:38
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Hello, I am a new member to this forum.
I have around 20,000 pounds worth of debt in the UK. I have no assets, savings or investments in the UK. I got into debt around 2006 as I went back to University and found it very hard to fund myself. I took out a personal loan and some extra credit cards. These ended up out of control so late 2007 I started the process of an IVA I was told I didn’t qualify as I didn’t have any spare income. After a relationship breakdown which involved me being thrown out of my rented property and going to the opposite end of the country to live with family. My father suggested I move with him(he lives abroad) to try and start again(this relationship breakdown cause anxiety and depression) I have now made a new life for myself in my new country and have decided I want to stay here. My debts are always on my mind and I haven’t had a proper nights sleep in 3 years, I am worried sick. I called the debt recovery companies and I arranged to pay monthly, sounded great but I have 6/7 creditors and each time I did this I had to pay bank charges and this was about the same cost as the repayment!! Due to the low exchange rate I was paying an absolute fortune! So I got in contact with a company who deals with BR from abroad who were very helpful but expensive. I cannot get anyone to be power of attorney as I have few family members of friends. I have no assets in my new country, other than a cheap car (about 800.00 pounds) Can anyone advise me? I haven’t been able to speak to anyone, no one knows about this. Can anyone suggest a good company to use? Would I need to pay back extra money? I have around 50 quid left after rent etc.
Someone please help me.
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RHB
Senior Member
1159 Posts |
Posted - 09 February 2009 : 07:13:34
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| Could you not come back to this country to decllare BR? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 09 February 2009 : 12:12:10
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I think you have to have an address in this country before you can do that.
The best thing would be to appoint a Power of Attorney if he/she could ask a family member.
The glimmer gets brighter all the time |
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lightattheendofthetunnel
Starting Member
27 Posts |
Posted - 09 February 2009 : 22:56:17
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| hello, there is no way I could come back - cannot afford the airfaire from Australia! I haven't told anyone on my family and I don't plan too! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 10 February 2009 : 12:50:31
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I am really not sure if there is anything you can do then.
You can hire a solicitor, or pay a company to do it, but that will cost a lot of money, which you obviously don't have.
You could check out the insolvency site:
http://www.insolvency.gov.uk/
There may be something on there.
The glimmer gets brighter all the time
Jan
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Mr.E.Guest
Junior Member
United Kingdom
121 Posts |
Posted - 10 February 2009 : 12:56:39
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Gu-day,
I think (but am open to correction by one more learn-ed) that there are specialist companies who can carry this out on your behalf via power of attorney.
I'm sure I've seen previous links for similar circumstances to your.
Hopefully a forum expert could advise - or maybe a long distance call to the advise line?
Good luck
What doesn't kill you makes you stronger (I hope ;-) |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 10 February 2009 : 14:11:50
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There are companies that will do it, but they will charge a fee for doing it, which will be on top of the normal court fees.
I believe it has to be the High Court and the charges for that are £507 at the moment.
The glimmer gets brighter all the time
Jan
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Debt Help
