Donate SIGN UP

debts

Avatar Image
rock1873 | 23:19 Wed 21st Jan 2009 | Business & Finance
6 Answers
I have friend who is up to her a**e is debt ,she is going abroad to Oz,will her debts follow her ???
Gravatar

Answers

1 to 6 of 6rss feed

Best Answer

No best answer has yet been selected by rock1873. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
No, but she may have problems should she ever wish to return to the UK.
So you can build up a heap of debt here in the UK and go abroad and those debts become void forever or until/if you return? I did not know that!
Yes, the debts will follow her:

A reciprocal agreement in the UK means a UK Court can enforce a CCJ (County Court Judgment) using the legal system of the other country. If there is no such agreement in place, a creditor can sell a debt to an agency in the relevant country and debt recovery procedures will commence under the law of that land.

Has she got everything in place to emigrate? It is hard enough to get in to Australia without being insolvent
surely if all debts became void from moving abroad then most of the uk would be emigrating??....
They are
Unless it is a student loan debt, then if you live abroad for a minimum amount of time (think 5 years) they write it off. Otherwise debt will follow you all over this world and even into the next.

1 to 6 of 6rss feed

Do you know the answer?

debts

Answer Question >>