Bankrupt in the UK
 

If you have been made bankrupt in the UK, does it have an impact on you in Oz?
For example, do you need to disclose it when you apply for a mortgage etc?

Re: Bankrupt in the UK
 

Have you applied for a visa yet. i nearly went under but fought tooth and nail not to as I was told by an agent you never get in to Oz even if the bankruptcy was "spent". Hope they were wrong and I havent burst your bubble mate.

Best of luck, I hope I was advised wrong and it all works out for you.

Re: Bankrupt in the UK
 

From memory Rodders is the best person to ask, i may be wrong but he and someone else seem to work in the finance industry and always have good advice, try searching for a debt thread and look for them.

Re: Bankrupt in the UK
 

Ahhhhhhhh! This old chestnut again! ;)

The general consensus mate, is to go for it! Watch out for the PC do-gooding brigade though! ;)

Re: Bankrupt in the UK
 

Yes, you do have to disclose it when you apply for a mortgage here. If you truly need to declare bankruptcy, then do it, but bear in mind that financial institutions are all interlinked these days so if you don't declare it could come back to bite you in the bum.

Re: Bankrupt in the UK
 

absolute twaddle. OH was made bankrupt in the UK. No mention was made all through the visa app, we've got a 'normal' mortgage no problems and they don't even ask when going for household or car insurance unlike the UK

Re: Bankrupt in the UK
 

The consensus seems to be that moving to Oz is a fresh start; your credit history does not travel with you contrary to some popular urban myths - and I notice in this thread that someone else has had no trouble getting a mortgage after UK bankruptcy.

Now, if you were asking about absconding without settling your credit card debts then we could have the whole 500 post mega rant all over again... :)

Re: Bankrupt in the UK
 

let's not go there.

Re: Bankrupt in the UK
 

I think Centurion is the chap that used to work in the finance game, not sure if he still does over here... For myself, I used to own a transport business dealing only in European movements with about 60% of the sales overseas; mainly Germany, but also France, Italy, Spain, Holland, Belgium, you get the drift... Spent a lot of time chasing debt and obviously got to know a bit about what you could and couldn't do as far as outside the country went... Ever tried suing an Italian in his own country...? Ha ha... Then there's the crap in the UK, including the employees who photocopied Tax discs from the trucks, replaced them, and sent the originals off to DVLA to be cashed in...! Trucking's a game mate and I've seen more theft, fraud and just plain disgusting behaviour than I ever thought was possible...

Re: Bankrupt in the UK
 

No, not absolute twaddle. Maybe they don't ask when you apply for car insurance, but they certainly do ask when you apply for a mortgage. You are signing a declaration saying they are free to do a credit check on you, so it would be to the bank's advantage to do one in UK or wherever it you came from. Our mortgage broker explained this to us. You said they could, so it is probably not likely they will but they theoretically could. We discovered that Bank of Montreal (where we held our Canadian mortgage) is linked with Commonwealth here.

Re: Bankrupt in the UK
 

Maybe that's the key. I know in the UK they have an agreement with Canada where they can disclose info to each other. Uk doesn't have this agreement with Australia yet though so if they did checks they would be unethical ones. Maybe Canada also have the same agreement with Australia as it does with the UK.

It's very difficult for people in the UK to give info to anywhere outside Europe, unless they have an agreement like they do with Canada or have your written consent.

(All this is my opinion only and not fact ;) )

Re: Bankrupt in the UK
 

Mayb they did when you applied for a mortgage but we bought a house last month and neither the real estate agent, broker, bank nor settlement agent asked us the question at all. UK debt is not considered at all. On the other hand we still can't get a mobile phone on a monthly contract :mad:

Re: Bankrupt in the UK
 

Yeah, that's really weird over here isn't it... :confused:

Re: Bankrupt in the UK
 

I think the agreement is in the ability to enforce civil judgements... Have debt in the UK, get a judgement against you and the plaintiff can ask a Canadian court to enforce... not so here in Australia... but it's coming... ;)

Re: Bankrupt in the UK
 

Actually legislation already exists and has done for years. The major problem is finding the person, and the complexity and cost of actually following the process which is prohibitive. Red tape the likes of which you wouldnt believe and costs to match.

http://www.opsi.gov.uk/si/si1994/Uksi_19941901_en_1.htm