Bankruptcy
Oct 2nd 2012, 8:54 am
#1
Just Joined
Thread Starter
Joined: Oct 2012
Posts: 7
Bankruptcy
Hi,
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
Last edited by Sue; Oct 2nd 2012 at 11:19 am. Reason: Moved from Welcome Inn to NZ forum
Oct 2nd 2012, 8:59 am
#2
Joined on April fools day
Joined: Apr 2012
Location: 30 miles from a decent grocery store.
Posts: 10,642
Re: Bankruptcy
Hi,
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
Oct 2nd 2012, 9:02 am
#3
Just Joined
Thread Starter
Joined: Oct 2012
Posts: 7
Re: Bankruptcy
yea i dont know really, im getting told around 5 different stories......do you know if you get credit checked if you want to get credit in New Zealand??
Oct 2nd 2012, 9:06 am
#4
Joined on April fools day
Joined: Apr 2012
Location: 30 miles from a decent grocery store.
Posts: 10,642
Oct 2nd 2012, 9:09 am
#5
Just Joined
Thread Starter
Joined: Oct 2012
Posts: 7
Re: Bankruptcy
ok thanks for your replys anyway.
Oct 2nd 2012, 9:12 am
#6
Joined on April fools day
Joined: Apr 2012
Location: 30 miles from a decent grocery store.
Posts: 10,642
Just go to the forum index.
Oct 2nd 2012, 10:09 am
#7
Just Joined
Thread Starter
Joined: Oct 2012
Posts: 7
Re: Bankruptcy
Sorry i dont know to do this, it took me nearly an hour to post the question!! ill figure it out somehow.....
Oct 2nd 2012, 10:17 am
#8
MODERATOR
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 9,077
Re: Bankruptcy
will the sale of the house cover some of the costs? not sure if you have assets if you can file for bankruptcy ? maybe ask Citizen Advice
Oct 2nd 2012, 10:18 am
#9
Just Joined
Thread Starter
Joined: Oct 2012
Posts: 7
Re: Bankruptcy
i have no assets, house not in my name.
Oct 2nd 2012, 10:27 am
#10
BE Forum Addict
Joined: Mar 2005
Location: Here,there and everywhere
Posts: 2,595
Re: Bankruptcy
I think Beaverstate hit the nail on the head.
If you can't say what country your in you cant get the right advice.
I would also read the NZ migration rules in case they have a section on issues around migrating bankrupts.
Good Luck.
If you can't say what country your in you cant get the right advice.
I would also read the NZ migration rules in case they have a section on issues around migrating bankrupts.
Good Luck.
Oct 2nd 2012, 10:53 am
#11
Yes a friend to all BEs
Joined: Feb 2012
Location: Pune, near Mumbai
Posts: 279
Re: Bankruptcy
On the top left corner of this page look up "Forum Index" tab where you'll find all Country/Region forums. Scroll down and get to the New Zealand forum and post this query there...friendly folks there, you sure to get responses and useful links too. Names of forum moderator/s are at bottom of each page. If you are stuck anywhere on the site, PM (private message) mrsfinch from NZ page or any one of us.
Best wishes with your career move
Cheers
Oct 2nd 2012, 11:21 am
#12
BE Co-Founder
Joined: Feb 2000
Location: Florida
Posts: 25,928
Re: Bankruptcy
You will get the hang of it ... and no worries I've moved your post for you to the NZ forum. If you get stuck on the bells and whistles of the site please give me a shout. You can also check out our FAQ's here: http://britishexpats.com/forum/faq.php?faq=vb_faq
Oct 2nd 2012, 6:21 pm
#13
It is what it is Member
Joined: Feb 2010
Location: Blockhouse Bay, Auckland
Posts: 2,797
Re: Bankruptcy
Hi,
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
Im new to this and need a question answering. I have my own business which is going down the pan, but i owe money out and have been pondering should i declare myself bankrupt. Me and my partner have been accepted into New Zealand and are currantly awaiting our visas, my partner will propbably go before me as we still have stuff to sell ie house and cars etc etc. Can someone tell me will i be allowed in if i have declared myself bankrupt and still leave the country with being bankrupt even after we have been accepted????
No, I am not aware of any credit-checking in home countries taking place in NZ, however certain financial products are only generally available to Permanent Residence holders, for e.g. there is only one institution that will grant mortgages to non-PR holders.
There are no automatic travel restrictions on UK bankrupts, other countries may differ (NZ does for example).
The decision to go bankrupt or not probablt won't affect your migration or visa's, not sure how you staying to sell the house will work if the house isn't in your name???
Hope this helps...
Oct 4th 2012, 12:40 pm
#14
BE Forum Addict
Joined: Apr 2008
Location: Epsom
Posts: 1,705
Re: Bankruptcy
No, it won't affect your visa. No they won't ever check your credit record in the UK. The only thing that matters is your NZ credit record which will be entirely blank.
The only time you may ever be subject to credit checks back in the UK is if you are ever applying for security clearance in NZ for certain government jobs which would be a long way down the line and when you have citizenship.
The only time you may ever be subject to credit checks back in the UK is if you are ever applying for security clearance in NZ for certain government jobs which would be a long way down the line and when you have citizenship.
