Leaving uk debt behind

Old May 19th 2014, 9:40 pm
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Cool Leaving uk debt behind

Does anyone know if U.K. Debt collectors chase people who have moved to Barbados?
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Old May 20th 2014, 2:44 am
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Default Re: Leaving uk debt behind

I'm guessing it depends on how much you owe.. or not..
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Old May 20th 2014, 5:46 am
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Default Re: Leaving uk debt behind

Originally Posted by Sunniebgi View Post
I'm guessing it depends on how much you owe.. or not..
I'd guess it would also depend on who you owe.

Even if they don't follow you, they may and if you ever return to the UK it will still be there
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Old May 20th 2014, 5:49 am
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Default Re: Leaving uk debt behind

Originally Posted by old.sparkles View Post
I'd guess it would also depend on who you owe.

Even if they don't follow you, they may and if you ever return to the UK it will still be there
and there will be a shed load of interest, and possibly CCJs added, most of the people you owe to would be happy if you contacted them, and offered to pay something each month, and, of course, ask for the interest to be frozen.
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Old May 20th 2014, 6:02 am
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Default Re: Leaving uk debt behind

Yes - is the plain simple answer. They chase people every where ....... imagine sitting at your crusty old desk in the UK - every day is the same and it is raining and cold outside and then your boss says: ".... hey a debtor has fled to Barbados does anyone wanna go after him?" Er - what do you think the answer is? Pay by instalments and get some sleep at night!
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Old May 20th 2014, 7:31 pm
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Default Re: Leaving uk debt behind

If you have no assets (or very few), just declare yourself bankrupt at the County Court before you leave the UK.
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Old May 20th 2014, 8:31 pm
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Default Re: Leaving uk debt behind

Ouch! Bad advice - this us UK not USA! You cannot leave UK Udebt behind like you can in the USA or Aus for that matter. UK Zis signed up yo the Global Warrant Debt Treaty ...... simply no escape!!
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Old May 20th 2014, 8:37 pm
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Default Re: Leaving uk debt behind

Originally Posted by Madgestie View Post
Ouch! Bad advice - this us UK not USA! You cannot leave UK Udebt behind like you can in the USA or Aus for that matter. UK Zis signed up yo the Global Warrant Debt Treaty ...... simply no escape!!
There is no debt remaining after bankruptcy!
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Old May 20th 2014, 8:58 pm
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Default Re: Leaving uk debt behind

Agreed - but this is only in the UK. If the debtor moves abroad the debt follows the debtor as the UK has no debt treaty outside the EU or Commonwealth. It's all on the Web.
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Old May 20th 2014, 10:33 pm
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Default Re: Leaving uk debt behind

I've never heard of "Global Warrant Debt Treaty" and I highly doubt you'd get chased. The debt will be wiped eventually if not acknowledged.

https://www.gov.uk/county-court-judg...-credit-rating
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Old Jul 7th 2014, 5:51 am
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Default Re: Leaving uk debt behind

I have a relative who sold his 5 houses in london and skipped to Grenada without paying any taxes (5 mil approx.)

The uk tax mans response was hilarious. They couldnt extradite him, so they sent letters for years, all of which he kept. They started out very aggressively, pay up or face jail and pay interest etc. but over the years they softened, and started offering discounts if he could see his way to clear his debt so he could live out his years in peace and visit his grandkids in the uk. There was an element of realism, pay something and at least you wont get arrested when you visit miami, (he has multiple names, no chance.) Its now down from over 2 mil to 250k but as he said, he can build yet another house for his grandkids on that...
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