i have debt of around 20k back in the UK and have been living in Turkey the past few years,I have just lost my job and i cant afford to send money back to cover my debts anymore and was thinking of getting a loan from a broker company to try and avoide bancrupcy and try and pay off some debt. Do you think this is a good option to take? and if i did do it and then had more problems, what would happen if i couldnt pay the broker loan?? would bancruptcy be my only option?
If you have lived outside the UK for more than three years, then you won't be able to declare bankruptcy here. If that's the case I don't know what you could do. An expert can probably help there.
It is your decision as to whether you try and take out further credit to consolidate your debts.
If you have lived here within the last three years then you can declare BR. You would have to either come back to do it yourself, or appoint a power of attorney to do it for you.
i have debt of around 20k back in the UK
Posted - 22 June 2009 : 21:12:23
