Re: Leaving UK Debt Unpaid - A Warning
 

:p:p

Re: Leaving UK Debt Unpaid - A Warning
 

We paid off all ours, not because I have morals where financial institutes and big companies are concerned I don't and wouldn't worry for a second had I knocked them.

But like you wanted to leave a clean slate.

Re: Leaving UK Debt Unpaid - A Warning
 

Depends if they paid for the pram or got it on interest free terms:p

About time people concentrated on their own finances rather than worry about others getting one over them. Each to their own - I'd rather sleep well at night.

Re: Leaving UK Debt Unpaid - A Warning
 

Good on ya.

:)

Re: Leaving UK Debt Unpaid - A Warning
 

On the subject of civil debt, my ex buggered off out the country owing me £6k in child maintainence payments - CSA told me they wouldn't bother chasing him, and that to say goodbye to ever seeing that money again - now THAT is morally wrong!!

Re: Leaving UK Debt Unpaid - A Warning
 

Yep.
Yep.

Re: Leaving UK Debt Unpaid - A Warning
 

Of course I am entitled to my own opinion. Moderation is a thankless and unpaid task carried out by a few long term active members of the forum who work behind the scenes dealing with spam, reported posts, duplicate trolling users and general thread admin.

My post was intended to keep this thread on track as to the legalities and practicalities of debt and the expat and not degenerate into the usual slanging match, as well as it being my own opinion. To be fair, its actually the best thread I've seen on that subject and to that end I would love to see it become a useful resource for the future and hope that it remains on track.

Re: Leaving UK Debt Unpaid - A Warning
 

The thread has also included the legal and moral perspective which is great as the two are a real consideration:thumbsup:

Maybe we should ask Bernard Madoff to be guest speaker:rofl:

On a serious note: If the world needs to learn from recent economic events it is that the two issues need to be brought back in to line. Legal institutions need to realign the legal perspective with the moral and protect all parties concerned, including those who inadvertently find themselves in debt for whatever reason. I don't think there are many people for whatever reason that haven't found themselves in debt facing hard times at one time or another. Many people would like to see genuine hardship accounted for and those people looked after. It is "criminal" to allow genuine hardship cases to fall over when people really need the help. Conversely it is also hard to watch people shaft the system just because they can. If the finance world is to take the current situation seriously then all these factors are equally important and we can't ignore any of them.

Something needs to change, that's for sure. It's heartbreaking what's happened in the world today.

Re: Leaving UK Debt Unpaid - A Warning
 

Sorry to read about that. Are you receiving any child support payments from him now?

Re: Leaving UK Debt Unpaid - A Warning
 

Agree totally and a good post, however the change must start right at the top starting with the heads of the financial sector. How can Joe Public be educated on his finances when the financial instituations are shafting everyone knowing full well the government will help out should the occasion arise. Northern Rock anyone?

Re: Leaving UK Debt Unpaid - A Warning
 

Spot on. Everyone, especially the financial heads of institutions.

The Government unfortunately had to help out Northern Rock otherwise the everyday person would have found themselves in the shit. Where the real problem lies is that NR should be made to pay back whatever it cost to keep it going and the bloody fat cat Directors who got it where it is should be made to pay back their big bonuses or else keep the business going with clear agreed benchmarks to ensure success, with limited payback for getting it back on track. They too should be made to pay back their debt to the government and society for bleeding the company dry with their bonus schemes based on non existent "real" asset building. They robbed the shareholders dry through talking up the shares. Let the robbing barstewards pay back and prove themselves their worth.

Re: Leaving UK Debt Unpaid - A Warning
 

Not a sausage!!! My son is now 11, and this happened when he was 6, so not only is there £6k up to him being 6, but there is also another 5 years where I should have been getting paid!!

Re: Leaving UK Debt Unpaid - A Warning
 

That's very annoying. The CSL (I think they've disbanded now) were only interested in recovering money that the state has had to pay you and your child/ren. My sister suffered a similar situation (she lives in Cape Town and he moved back to the UK). She engaged someone to sort it out for her. Now he has no say in the matter - it get's deducted directly from his pay and transferred to her in South Africa.

You'll never see the money that he's not paid you to date but you can potentially make sure that he coughs up from now until your son is 21. If you like I can find out who my sister engaged to sort it out - I know it was done in South Africa but the methods are probably the same. PM me if you want me to find out for you.

Regards,

Paul

Re: Leaving UK Debt Unpaid - A Warning
 

It sounds to me that you don't even know what theft is. Go and look it up but for your benefit theft is:

"To dishonestly appropriate property belonging to another with the intention to permanetly deprive."

In order to be convicted of a theft charge the prosecutor has to prove the following:

1. There is an act of dishonesty
2. There is property that belongs to someone else
3. Property has been appropriated
4. Intent to keep said property permanently

Re: Leaving UK Debt Unpaid - A Warning
 

That is rubbish. The debt gets written of as a bad debt and claimed against tax/insurance.

Re: Leaving UK Debt Unpaid - A Warning
 

Really? You have a masters in product/service costing to determine this?

Reality is bad debt is included in the costing of all products and services. The increasing rate of which changes the rate you pay.

For our banking clients:sneaky: this has had to be "reviewed" on a monthly basis since Sept 08. Something used to be done annually.

Re: Leaving UK Debt Unpaid - A Warning
 

Even if it is written off against tax, they only get the tax rate amount back, so maybe $300 on a $1,000 debt. That still leaves $700 to be passed on to all the other customers, like you and me, to pay on behalf of those that don't.

Re: Leaving UK Debt Unpaid - A Warning
 

Hi All,

If you declare yourself bankrupt in the UK three questions:

Can they take Aus earnings into account?

Can they take Aus assets into account?

If you say nothing, does it affect your Aus credit rating?

Many thanks peeps!!

Re: Leaving UK Debt Unpaid - A Warning
 

I think you should re-think about what you just quoted!!! Do you really think the financial instutions swallow up all these debts. I'm sure the share holders would love that. Would you happily pay these insurance policies out of you pocket..... i doubt that very much
It is passed on to every one else not just written off

Re: Leaving UK Debt Unpaid - A Warning
 

No
No
No, if you don't tell them, BUT that will mean telling out right lies, as you are asked when opening accounts, mortages etc!

Re: Leaving UK Debt Unpaid - A Warning
 

Am amazed peeps on here tell everyone about their money probs, paying off debt etc.
Speaking as a multi millionaire I just dont get it.
Dont get the child support bit either, if you dont live with the kid why should they have to pay out?

Re: Leaving UK Debt Unpaid - A Warning
 

That's some helluva electrical work you've done there mate:)

Re: Leaving UK Debt Unpaid - A Warning
 

Real name is NG Bailey:rofl:

Re: Leaving UK Debt Unpaid - A Warning
 

Carry on telling porkies like that and you'll end up in the Old Bailey:lol:

Actually, you'll do well here:thumbsup:

Re: Leaving UK Debt Unpaid - A Warning
 

;):rofl:

Re: Leaving UK Debt Unpaid - A Warning
 

I do hope you are joking on this one.... :confused:

Re: Leaving UK Debt Unpaid - A Warning
 

http://www.nzherald.co.nz/nz/news/ar...ectid=10585507

Out of interest recent changes in NZ likely too flow through to Oz

Re: Leaving UK Debt Unpaid - A Warning
 

Copper wire prices:sneaky:

Re: Leaving UK Debt Unpaid - A Warning
 

Regarding the Stduent Loan thing (Perksy?), I have 3 student loans 1996, 1997, 1998. I'm currently paying them off and will continue to do so as I am grateful for a good education and luckily can afford it with no real issues (mostly due to a good job directly related to a good education!)...

but! Totally theoretically, if I decided to close the UK account I pay out of (direct debit agreement signed in 1996) they have no way of making me pay?

My loans (luckily) are fairly low as I was able to receive the grants at the time. I do however have friends whose loans are now around the 7500quid mark. Can they just leave them? Surely there is some come-uppance? Or is it truly as simple as closing UK account and staying out of UK for 5 years?

If this is the case I'm amazed that the SLC can miss out on so much cash!

Just to reiterate to anyone who feels morally outraged, I won't be doing this - I am only a few hundred quid from paying it off. And as I have family in the UK it's just not worth having that hanging over me as I may have to one day move back - anything can happen.

Re: Leaving UK Debt Unpaid - A Warning
 

Can't see that having much effect, I think one of the companies in the UK does this (Equifax) and then charge you to see your score.

The reality is this is just a money making exercise by the credit reference agency, they are creating a product that they hope there will be a demand for. They are not actually providing any additional information. How many times you have applied for credit, with who and any judgements/defaults is already available to anyone doing a credit search - they are just relating this to a score and selling it for more money.

Re: Leaving UK Debt Unpaid - A Warning
 

Go to court, get a REMO agreement (or Australian equivalent) assuming the agreement exists between the two countries in question (certainly does UK and Australia) then Australian CSA can enforce it through the CSA of whichever country he is in.

http://www.officialsolicitor.gov.uk/..._countries.htm

Re: Leaving UK Debt Unpaid - A Warning
 

Thanks for that! Karma on it's way!

Re: Leaving UK Debt Unpaid - A Warning
 

Hi i have a question about leaving debt in australia, had lots of bad news the last few weeks and more today, to cut a long story short i lost my job so did the wife, we managed to keep paying bills, mortgage etc but decided we just couldnt struggle on any longer so have booked flights home, problem is we have no money wat so ever and are worried sick as we have a credit card with $4000 and to top the lot today we found out we have to pay 4 grand in penalties for stamp duty as we havent had the house 12 months, im basically crapping myself as we have never been in debt and i just dont know how i'm going to pay them back, we made 10 grand on house but that just covers fees, any advice please

Re: Leaving UK Debt Unpaid - A Warning
 

I feel really bad and sorry. :(

I have the following suggestions:

1) Why do not you ask your friends/relatives back home for li'l help. I'm sure that way you can arrange some funds.

2) Why not talk to your credit card company and see if you can buy some more time.

Remember, leaving your debts behind might not be the best thing to do :(. I'm only saying this, coz it might affect your chances of returning back to Australia in the future.

I wish you a really good luck...

Re: Leaving UK Debt Unpaid - A Warning
 

I have a question that might fit into this thread.

My cousin hopes to move to Australia shortly but he has a £2k credit card debt. He has worked to pay off other debts but just has this one left.

I am not saying I agree with him but I think he is planning to come to Australia and leave the debt behind, not giving the creditors his forwarding address. However, he is worried because he has a few thousand in a UK account. Its only in his name though, its not his money. His brother in law owns the money......long story but there you go.

The question is, if he comes to Australia, could a debt collection agency get their hands on the money that he has in the account in the UK?

Thanks,
Ren

Re: Leaving UK Debt Unpaid - A Warning
 

Erm not technically true, If you do decide to go back then all you have to do is ring them up and tell them your coming home and want to pay off the debts. You then arrange a payment plan. Chances are its been sold to an agency for about £1 in every £10 so you can actually wipe most of it off and pay probably 8/9 times less than the actual debt initially was. If you already been defaulted with a couple of years left then its really just not worth paying it back at all.

Re: Leaving UK Debt Unpaid - A Warning
 

I would have borrowed one of your DVD box sets as security.

Re: Leaving UK Debt Unpaid - A Warning
 

on the other hand, what are your taxes paying for??

I know a girl who has 4 kids with different dads and receives £400 a week cash plus £1500 a month rent. Thats more than I earn.

I put my house up for rent and all I have had is single mothers applying who havent worked a day in their lives.

I regularly deal with immigrants claiming benefits under 3/4 different names and living the high life.

Why should I have to pay taxes for these people?? They regularly deceive banks and institutions and nothing will happen to them.

begs the question why bother yourself??

Re: Leaving UK Debt Unpaid - A Warning
 

Effectively yes you can. The pre-1998 Student Loans are classed as consumer debts. Its just the same as doing a bunk on your credit card, overdraft or store card. Sure your UK credit score will get hammered but if you plan never to go back within the 5 or 6 year time frame then its irrevelent. With the post 1998 loans the loophole was closed and they are now classed as civil debts for which theres no escape in Australia.

Re: Leaving UK Debt Unpaid - A Warning
 

Highly doubtful since they cant CCJ him because he doesn't reside in England or Wales.