mfga

hi all,

just wondered if i go bankrupt after my skilled ind visa gets granted will it effect my migration???
please advise.
Kind regards mfga :scared:

puna

I think no problem at all.

JAJ

No problem from a visa point of view (if it's a skilled independent visa) but perhaps lots of problems in other respects. For example, it can cause an issue for many members of professional bodies.




Jeremy

CreditCardKing

Do you mean bankrupt in the UK or OZ. If you are moving to OZ and going bankrupt in the UK then there should be no problems but you could wait a couple of years until you have your OZ citizenship before you do it. Bankruptcy is not a serious thing these days, you can call into the court on your way to do the grocery shopping one morning and be debt free in the afternoon. If your after a fresh start then it may be worth doing it before you leave.

Plug

Can I do it now I'm here!! Getting shot of that UK credit card would be handy!! :scared:

imate1

If You are bankrupcy in the UK and moved to Oz, does it affect getting OZ citizenship?

ohippy

Bankruptcy is not an easy option at all. It does not affect your app for a visa but it does affect everything else. They can force a house sale and take the equity, freeze your bank accounts etc. You will struggle to get a bank account and the stigma attached is enormous, a lot of companies ask the question in their applications for contents insurance etc !!

My husband went bankrupt over 7 years ago owing £10k and when we sold the house they took £30k and still demanded more for their fees.

If you do not ever need to come back to the UK for anything then maybe consider it, otherwise, as my husband would testify, I would do anything to avoid it.

utopia

Can anyone answer this question does it effect getting a mortgage in Aus or Citizenship?

Just curious!

If you rent in Australia and have gone Bankrupt in the UK would you have to declare it when applying for a mortgage? Do they check your Credit in the UK?

My friend might be going Bankrupt and as much info on this subject would help a great deal!

Cheers

thebears

When I worked in the DTI we were able to prevent people from leaving the country by taking their passports. Your friend needs to be aware that running from debt problems to another country is not the solution.

By not recording the true facts on such documents as mortage or rental is a crime and prolongs the period of bankruptcy indefinitely - despite what you hear in the press about it being only 12 months. Dont ly on the application the implications are enormous if you are found out.

Worth mentioning on how after being declared bankrupt they hope to afford migration because bankrupty prevents you from running a bank account or gaining credit.?

sassenach

i was under the impression when i was in the uk that they cant do a credit rating from the uk inregards to people who have lived in australia and vice versa . I offered the HSBC my commonwealth bank details and they wernt interested .

ElshaUK

Personally I feel paying off my debts myself (with partners help of course) is the only way for me.

Declaring myself bankrupt is not an option - I got myself into this mess, I will get myself out.

I feel for people who are genuinely in money troubles, but I also see the other side, as I work in Accounts. Just recently one customer ran up a bill for £1000 and then less than a month later has gone bankrupt. She must have known, when she was shopping for England that what she was doing was wrong.

I think if you can afford to move to Australia, then you should be able to afford to sort out your mess before you go, either that or take the debt with you, like I plan on doing.

Just my opinion - so no need to flame me

utopia

Apologies I don't think I explained myself properly

Basically Bankruptcy is the last and final resort for her being self employed... can't go into too much details but honestly she has no option!

I am not saying she is going to lie about facts, what I was asking is....

If she filed for Bankruptcy here, when she eventually gets to Australia would they do a UK credit search even if she is managing her finances well in Australia.

If she decided to rent for a while in Australia and remain debt free would they check in the UK for bankruptcy order? Or would they just go on with the facts presented to them regards to how they are maintaining there finances in Australia?

Thanks in advance, I hope I am clearer this time round?

ohippy

They don't do checks as far as I am aware - the only problem that she would have is that her credit rating starts from fresh so, without any references from the UK such as mortgage statement, bank statement etc she'd find it hard to set up, get a rental etc.

Someone on here didn't have any real references either and I think they said that they paid 6 months rent upfront and that helped. Just something to be aware of.

utopia

Also what if she filed for bankruptcy from Australia... does anyone know if this can be done?

midwifetanya

Hi all,

I was having a conversation with a lawyer friend yesterday about bad credit histories, and debt (leaving it behind in the UK). He specialises in international finance, and says that due to Australia being in the commonwealth it is not at all advisable to have any form of bad credit in the UK as it will quickly become apparent when applying for Mortgages, Loans, credit cards etc...AND if unpaid debt is left behind, banks can trace you in Australia really easily....It just follows you.....ugh.
I don't think he was winding me up... but you never know....