Guest wingy Posted January 24, 2009 Share Posted January 24, 2009 Hi Just wondered what folks views were on this topic After reading loads topics on other websites i was amazed at the amount of folks that flee to oz leaving hundreds and thousands of debt behind in uk and never been caught. I thought that if you went to new country your debt would finally catch you up but not according to these people thay have been in oz, nz etc for years and debt has never caught up with them.It surely cant be that easy to leave uk with thousands of debt and go to other side of world and never be caught or pay it back? Would love to hear what you all think on this subject:shocked: Link to comment Share on other sites More sharing options...
Quoll Posted January 24, 2009 Share Posted January 24, 2009 Unpaid debt is theft IMHO and I cant see how anyone with any morals can live with themselves. They do take a risk of course - it all depends on who their debt belongs to, some debts would make it impossible for them to return. So whilst leaving debt is, of course, possible, it isnt morally responsible to do so. Karma will get them in the end. Link to comment Share on other sites More sharing options...
Guest wingy Posted January 24, 2009 Share Posted January 24, 2009 Hi there thanks for your views i totally agree i just cant get my head round the fact that they will never be caught whilst living on the other side of world i wouldnt have thought it would be that easy to just disappear of face of earth Link to comment Share on other sites More sharing options...
Dawny Posted January 24, 2009 Share Posted January 24, 2009 The debt will still be here in the uk, with added interest if you should come back,Once you register at a address doctors etc, somebody said before it stays an open file. Link to comment Share on other sites More sharing options...
Guest wingy Posted January 24, 2009 Share Posted January 24, 2009 i agree dawn no wonder when they do a runner to other end of world they dont come back probably for that reason thay did a runner in first place Link to comment Share on other sites More sharing options...
Guest gibbboe Posted January 25, 2009 Share Posted January 25, 2009 Hi Just wondered what folks views were on this topic After reading loads topics on other websites i was amazed at the amount of folks that flee to oz leaving hundreds and thousands of debt behind in uk and never been caught. I thought that if you went to new country your debt would finally catch you up but not according to these people thay have been in oz, nz etc for years and debt has never caught up with them.It surely cant be that easy to leave uk with thousands of debt and go to other side of world and never be caught or pay it back? Would love to hear what you all think on this subject:shocked: Yeah, its surprising isn't it the number of people of think about doing it ! And I suppose with all the stories in the media about the banks unwisely lending to people who had adverse credit, it makes some poeple think that the banks deserve it. But just like the casinos, the bank never loses. I don't suppose for a minute it incurrs these loses. It just passes the costs on to the rest of us poor folk. :mask: Link to comment Share on other sites More sharing options...
AJ Posted January 25, 2009 Share Posted January 25, 2009 Easy one that - if you spend the money - pay it back! Link to comment Share on other sites More sharing options...
Guest ReadyPenny Posted January 25, 2009 Share Posted January 25, 2009 I too have researched this on other sites, forums etc. The way it works is this. If you leave debts here in the UK (apart from to HMRC) there is nothing the creditors can do. They can send you letters, ring you up etc etc but they cannot enforce a debt in Australia that you ran up in the UK. After six years, the provisions of The Limitations Act 1980 means that they can no longer enforce the debt in the UK either. Therefore if you move to OZ and return 7 or 8 years later, your slate in the UK is clean. Also, the UK debts have no bearing whatsoever on your Australian Credit Rating. However, some places, Canada for instance, have a reciprocal agreement with UK and debts incurred here can, in fact, be enforced in the courts there. Whether or not this is moral is personal opinion. I am not saying I agree with it, it any way shape or form, I am just letting you all know how it is because it took me hours of research to find it out! Mandy Link to comment Share on other sites More sharing options...
Guest gibbboe Posted January 25, 2009 Share Posted January 25, 2009 Easy one that - if you spend the money - pay it back! Yep, I agree. Not that connected with it.......But in my area on the telly over Xmas there was a story about a man who may have his house repossessed for second time. Apparently, the first time he couldn't pay mortage, so his house was repossessed. The end result was he had an agreement to pay a sum of £3k. However, he wasn't making regular payments towards the £3k so......guess what the original building society has started proceeding to get the original sum back, approx £60k + (the original figure, plus interest). BBC NEWS | England | Family fight repossession Link to comment Share on other sites More sharing options...
AJ Posted January 25, 2009 Share Posted January 25, 2009 Yep, I agree. Not that connected with it.......But in my area on the telly over Xmas there was a story about a man who may have his house repossessed for second time. Apparently, the first time he couldn't pay mortage, so his house was repossessed. The end result was he had an agreement to pay a sum of £3k. However, he wasn't making regular payments towards the £3k so......guess what the original building society has started proceeding to get the original sum back, approx £60k + (the original figure, plus interest). BBC NEWS | England | Family fight repossession Thats whats called taking the pis*!! Was given a chance and wouldnt even pay that small amount back. No wonder this country is in a state, people get off with paying far too easy! Link to comment Share on other sites More sharing options...
Guest wingy Posted January 25, 2009 Share Posted January 25, 2009 thanks for all your replies i still cant get my head round fact that its so easy to run up huge debt and bugger off to another country that easily and be debt free then come back to uk 8 yrs later and still be debt free what a world we live in eh Link to comment Share on other sites More sharing options...
Guest Noodle Posted January 25, 2009 Share Posted January 25, 2009 I think it depends on the morals of an individual. I would not do it. Link to comment Share on other sites More sharing options...
KIRK AND CO Posted January 25, 2009 Share Posted January 25, 2009 Thats whats called taking the pis*!! Was given a chance and wouldnt even pay that small amount back. No wonder this country is in a state, people get off with paying far too easy! totaly agree hes taking the p... but you need to know the full story before you condem him. I have heard the story & it is not his fault he was a victim of circumstances. Link to comment Share on other sites More sharing options...
Guest James.S Posted January 25, 2009 Share Posted January 25, 2009 So let's say you have no morals then... just suppose.... you could let's say a week or so departing for Oz go shopping and take out a whole load of store cards and and buy all the furniture, computers, televisions, jewelry etc etc and leave for Oz... make sure you don't return for 8 years and you have justed kitted out your new pad down under for free.... I can see why some people may be tempted.! But not me, my morals are not quite that loose..! James... Link to comment Share on other sites More sharing options...
KIRK AND CO Posted January 26, 2009 Share Posted January 26, 2009 So let's say you have no morals then... just suppose.... you could let's say a week or so departing for Oz go shopping and take out a whole load of store cards and and buy all the furniture, computers, televisions, jewelry etc etc and leave for Oz... make sure you don't return for 8 years and you have justed kitted out your new pad down under for free.... I can see why some people may be tempted.! But not me, my morals are not quite that loose..! James... never had a credit card, debt free have money to go with & i am not in the £10,000 or less thread, house will be rented £900 a month, taking buisiness with me but if I owed one penny I would stay in uk untill I was free of debt because i could not look at my kids without guilt.You have to set standers for others & certainley you children. I have worked hard now I can set them up in a land I hope will give them there future. Link to comment Share on other sites More sharing options...
Guest TheHollies Posted January 26, 2009 Share Posted January 26, 2009 So let's say you have no morals then... just suppose.... you could let's say a week or so departing for Oz go shopping and take out a whole load of store cards and and buy all the furniture, computers, televisions, jewelry etc etc and leave for Oz... make sure you don't return for 8 years and you have justed kitted out your new pad down under for free.... I can see why some people may be tempted.! But not me, my morals are not quite that loose..! James... I have heard of people doing this sort of thing, someone my brother knows of ran up alot of debt in the uk (100k+) moved to oz, ran large debt up in oz, came back to uk for a few years and has now been back in oz last few years, no comebacks, no conscience, nothing, dont know how he sleeps at night. :shocked: Link to comment Share on other sites More sharing options...
LYNMACMD Posted January 26, 2009 Share Posted January 26, 2009 Kirk and Co you have summed up my feelings, I want my children to have standards and I and my OH should be the one to set them Link to comment Share on other sites More sharing options...
Guest kia1 Posted January 27, 2009 Share Posted January 27, 2009 these posts have been done to death and it really gets me angry when someone has to bring it up, i always think this is done as they have debt and want to leave it behind but are checking from other people first to see how esay it is or if they have done it. the people who start these threads off only get other poeple irate and they are off no use whatsoever. :arghh: Link to comment Share on other sites More sharing options...
Guest wingy Posted January 27, 2009 Share Posted January 27, 2009 for your information kia1 i do not have any debt whatsoever thank you very much i was amazed that people could do such a thing and wanted other peoples views that was all so please think before you JUDGE OTHER PEOPLE THANKS Link to comment Share on other sites More sharing options...
Mongrel Posted January 27, 2009 Share Posted January 27, 2009 Just a thought if you have a mortgage and are renting out like a lot of peeps are saying thats what they will do. The rental market will be inflated so if yo happen to not be able to rent out you have a mortgage debt . In oz there have been reported instances of folk gettin evicted out of rentals because the landlord did not pay the mortgage, this happened to a person who worked with OH Mally Link to comment Share on other sites More sharing options...
Guest Django Posted January 28, 2009 Share Posted January 28, 2009 for your information kia1 i do not have any debt whatsoever thank you very much i was amazed that people could do such a thing and wanted other peoples views that was all so please think before you JUDGE OTHER PEOPLE THANKS Why bring it up then? Its not the sort of thing that entered my mind when I started the process. Wind your neck in.:rolleyes: Kia1 didn't say you had debt. She just said what she 'thinks' about these sort of threads. Also people that ask about where to live in say NSW are generally thinking about moving to NSW, etc If the cap fits ...... This is the sort of thread that generally ends up being deleted or closed when the fur flies. Pete Link to comment Share on other sites More sharing options...
twinsmom65 Posted January 28, 2009 Share Posted January 28, 2009 I just wanted to put my two cents in with this thread about debt. The one thing that amazes me about these threads, is how people get all high and mighty on the subject of debt. I worked as a Financial Counsellor for Trustee's in Bankruptcy in Canada for over 17 years, and throughout that time, I saw alot of people in need to get rid of their debt. I never once in 17 years judged those people filing bankruptcy. I don't condone running away from your debt, I guess what peeves me off, is the judgemental people who come on here, and preach about the rights and wrongs of debt. I for once would like to see them in a position, where they were made redundant and about to lose their house due to non payment. It is very easy for people who don't have any debt to come off sounding high and mighty. I do know alot about creditor and debtor rights, and for the most part, if you do move country there is not alot your creditors can do about it until you return to your original country of origin. The big creditors do account for loses and write offs each year when they prepare their budgets for the new fiscal year. I think if you have alot of debt before moving to Australia and are unable to cope with the load, you might want to think about filing personal bankruptcy. I know in Canada we filed personal bankruptcies for people who were not living in the country. It is just another option. Well that is my opinion. Karen Link to comment Share on other sites More sharing options...
Guest proud2beaussie Posted January 28, 2009 Share Posted January 28, 2009 Whilst it is certainly true that from a strictly legal standpoint it is very difficult if not impossible for your creditors to pursue you for debts incurred in another country I think I should point out that in the case of a large finance company like GE Money,they have a globally connected computer system which records every application for credit so if for example you had an account with GE Money in the UK and left owing x amount of pounds,if you were to apply for a GE card in australia using your real name and date of birth ,passport etc as ID. the GE system will flag that as a concern and you will more than likely be denied credit I have worked for GE money for a few months and have been in the position of having to deny an application to one man who walked out of the UK leaving behind debts of £65,000 ,GE couldn't chase him for the debts when he turned up in Australia but they did deny him any credit, not based on his background,but simply using a technique called "scoring" where they decided he was a bad risk and that was that. So yeah you can walk away from debt if you choose,but in terms of finance it's a very small world. Link to comment Share on other sites More sharing options...
Guest JoanneHattersley Posted January 28, 2009 Share Posted January 28, 2009 Hi Just wondered what folks views were on this topic. Would love to hear what you all think on this subject:shocked: At the end of the day, none of us know what individual circumstances there are that cause people to "leave debt". We will never know! The OP was after peoples views. Link to comment Share on other sites More sharing options...
AJ Posted January 28, 2009 Share Posted January 28, 2009 I just wanted to put my two cents in with this thread about debt. The one thing that amazes me about these threads, is how people get all high and mighty on the subject of debt. I worked as a Financial Counsellor for Trustee's in Bankruptcy in Canada for over 17 years, and throughout that time, I saw alot of people in need to get rid of their debt. I never once in 17 years judged those people filing bankruptcy. I don't condone running away from your debt, I guess what peeves me off, is the judgemental people who come on here, and preach about the rights and wrongs of debt. I for once would like to see them in a position, where they were made redundant and about to lose their house due to non payment. It is very easy for people who don't have any debt to come off sounding high and mighty. I do know alot about creditor and debtor rights, and for the most part, if you do move country there is not alot your creditors can do about it until you return to your original country of origin. The big creditors do account for loses and write offs each year when they prepare their budgets for the new fiscal year. I think if you have alot of debt before moving to Australia and are unable to cope with the load, you might want to think about filing personal bankruptcy. I know in Canada we filed personal bankruptcies for people who were not living in the country. It is just another option. Well that is my opinion. Karen Who is being judgemental?? If you saw what goes on here you would understand. It is not the people who are made redundant and cant pay their mortgage debt that annoys people it is the people who max their credit cards out etc having to get the best of everything at once and then think nothing of declaring themselves bankrupt and having it all wiped out. They are all still sitting with the luxuries they have gained from doing this. I would love to have a huge house - I would love to have a brand new car - and a huge 50 inch plasma and loads of designer stuff - but guess what - I dont get paid enough so I live within my means. Instead I have a 2 bedroom semi-detached, a Y registered car and shop in high street stores. Its good enough for me and I know I have paid for it all. Link to comment Share on other sites More sharing options...
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