British Expats - Bankrupt?

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- - Bankrupt? (https://britishexpats.com/forum/australia-54/bankrupt-434597/)

rocket01

Mar 14th 2007 1:32 pm

Bankrupt?

Im going to have to make myself bankrupt due to a failed business venture, is this going to effect me getting into Australia?

GinaUK

Mar 14th 2007 1:41 pm

Re: Bankrupt?

Quote:

Originally Posted by rocket01 (Post 4517629)

Im going to have to make myself bankrupt due to a failed business venture, is this going to effect me getting into Australia?

As long as you're not going for a business investor visa, it won't affect your visa application.

Do a search on it as this has been asked many times before.

Gina

TRF	Mar 14th 2007 1:45 pm

Re: Bankrupt?

Hi, I have heard from a Debt advisor that Oz can't see a lot of people's debt, but that they can see Bankruptcy. :) Maybe look at doing an IVA or even a DMP to keep Bankruptcy away.

GinaUK

Mar 14th 2007 2:11 pm

Re: Bankrupt?

Quote:

Originally Posted by TRF (Post 4517669)

Hi, I have heard from a Debt advisor that Oz can't see a lot of people's debt, but that they can see Bankruptcy. :) Maybe look at doing an IVA or even a DMP to keep Bankruptcy away.

No, Oz can't "see" a UK bankruptcy. However, if you apply in Oz for a loan, say for a car, or for a mortgage, the forms may ask you if you have ever been declared bankrupt.

The visa forms for the various "skilled" visas, do not ask for your financial history.

Gina

rocket01

Mar 14th 2007 2:17 pm

Re: Bankrupt?

Thanks for the quick replies, most helpful.

NealD

Mar 14th 2007 2:41 pm

Re: Bankrupt?

Quote:

Originally Posted by GinaUK (Post 4517779)

The visa forms for the various "skilled" visas, do not ask for your financial history, nor do they ask how much money you will bring with you.

Gina

I applied for a 136 skilled visa (which I now have) and it does ask you how much money you are going to bring into the country. Not sure how it affects the application but it does ask. I believe you need to be able to show that you can be self-sufficient for a while after you arrive.

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