DanNSW Posted July 10, 2013 Share Posted July 10, 2013 Has anyone successfully used one of the UK bankruptcy companies that they would recommend as decent? Thanks. Quote Link to comment Share on other sites More sharing options...
jamesemery79 Posted July 10, 2013 Share Posted July 10, 2013 Positive Pixie, I have just read your post about how UK Bankruptcy affects Oz immigrations. Thats great news. I went Bankrupt in UK in 2010 and have been concerned that it could affect obtaining a VISA for Oz. I work for a Construction Company in the UK that has a Australian sister company based in Melbourne, i also have family in Melbourne. I really want to come to Australia and need some advice. I look forward to your response Ripper! Quote Link to comment Share on other sites More sharing options...
Sharon9873 Posted May 16, 2014 Share Posted May 16, 2014 Just wanted to post a quick thank you to Michael from bankruptcy from abroad (BFA). We migrated to Aus just over a year ago and due to unforeseen circumstances I made the difficult decision to declare myself bankrupt for debts in the UK. Michael and his team were superb from start to finish and literally within about 6 weeks from the 1st phone call (Christmas also fell within that time frame) everything had been dealt with. BFA attended the high court in the UK on my behalf to make the official declaration and I have not had to deal with any creditors at all. Such a smooth process and a massive weight been lifted from my shoulders. Can't thank BFA enough making an extremely stressful situation a lot less stressful and advising me every step of the way. Further more even though the case has now been dealt with Michael still contacts me to make sure everything is ok and to contact him if I have any further correspondence from the official receiver. The level of customer care is outstanding and I can't recommend them enough. Quote Link to comment Share on other sites More sharing options...
Guest Posted May 16, 2014 Share Posted May 16, 2014 I really appreciated the OP's bravery in creating this thread as my partner and I are in a situation where we are being crippled by debt here in the UK and we are looking at ways to try and deal with it before leaving for Australia. Perhaps we might leave it now till we are in Oz. The only question I have is, I am an Aussie so is it possible to declare bankruptcy in the UK (I have lived here since Sept 2007 - so almost 7 years) and will it affect my Aust credit rating? (Sorry to hijack this thread, just a bit curious). Cheers Quote Link to comment Share on other sites More sharing options...
Sharon9873 Posted May 17, 2014 Share Posted May 17, 2014 (edited) Hi, I would recommend speaking to Michael directly please pm me for his details, He'll be able to point you in the right direction. I hope it all works out for you. I really appreciated the OP's bravery in creating this thread as my partner and I are in a situation where we are being crippled by debt here in the UK and we are looking at ways to try and deal with it before leaving for Australia. Perhaps we might leave it now till we are in Oz. The only question I have is, I am an Aussie so is it possible to declare bankruptcy in the UK (I have lived here since Sept 2007 - so almost 7 years) and will it affect my Aust credit rating? (Sorry to hijack this thread, just a bit curious). Cheers Edited May 19, 2014 by noworriesmate removed email as per forum rules Quote Link to comment Share on other sites More sharing options...
Guest Posted May 18, 2014 Share Posted May 18, 2014 (edited) Hi, I would recommend speaking to Michael directly please pm me for his details, He'll be able to point you in the right direction. I hope it all works out for you./QUOTE] Thanks Sharon...will definitely shoot him an email Edited May 19, 2014 by noworriesmate removed email as per forum rules Quote Link to comment Share on other sites More sharing options...
Joanne Rawlinson Posted July 1, 2014 Share Posted July 1, 2014 Looking for some non-judgemental advice from you clever folks... Myself and my wife bought a flat in London in November 2007 on virtually a 100% mortgage (I know, I know.. insane, but back then everyone was at it, and it took us two years alone to save enough for the stamp duty and fees!). After the market went pop, within 6 months, it was worth about 60K GPB less than we paid for it. Coupled with being unlucky (or stupid) enough to buy at the peak, we bought terribly, an old flat in a questionable area that needed a lot more work than we could have imagined. We have tried to sell twice, and not one offer, even below asking price. Since departing the UK, we are renting the property out behind the back of the mortgage company as they refused our request to let it out when my industry all but disappeared (construction) I had no choice but to up sticks and move abroad chasing work. We're making a fair go of it living here and getting to love the place and being back working in a busy industry, and have three kids now. The constant sending of cash we cannot afford back to subsidise repairs and mortgage payments is becoming a pressing issue to say the least - probably about 8 grand GBP this year alone... We are only paying interest on the repayments and barely afford this, thus haven't paid a penny off the mortgage yet, five years on... I have a small credit card debt in the UK, about 3K, from paying for a new boiler last month, but nothing else debt wise - just this bloody mortgage. We've just been told the entire property needs new windows and a new kitchen (!!), so another 20K debt is flashing before my eyes... SO - I have been looking at bankruptcy. I don't have residency yet here in Oz but will start process next Feb when I have been here two years and it should be quite straight forward as I have a good secure job earning a good wage. I don't foresee going back to London as it's such a mess there and things going well here, so looking long term to citizenship for myself and my happy brood. I'd love to hand back the keys and have spoken to a few insolvency agents who seem a bit too enthusiastic, and make it all sound too easy - if you l know what I mean! used car salesman springs to mind... I understand you need to pay a few grand to get the process managed for you but my main worry is being left with a 60-70K debt I have to pay off from the flats negative equity, which would pretty much ruin us financially for ever. Anyone been in the same situation and can offer advice, I'd be very grateful. Anything will help, we're getting a bit low here worrying about this. Thanks guys! Hi thekennys Can you update us with how you got on with this as we are in a similar situation, not much debt but negative equity of about 20k and currently waiting for occupation to go back onto the SS CSOL. CHeers Quote Link to comment Share on other sites More sharing options...
DanNSW Posted July 10, 2014 Share Posted July 10, 2014 Hi thekennysCan you update us with how you got on with this as we are in a similar situation, not much debt but negative equity of about 20k and currently waiting for occupation to go back onto the SS CSOL. CHeers Hi Joanne, I was in a similar situation with negative equity, and I contacted Bankruptcy from Abroad (a company already mentioned in this thread I believe) they provided help and guidance to sort the situation out via a UK bankruptcy, with little impact on your situation in Australia. I would recommend getting in touch with the company for some advice on what would be best for your circumstances. Quote Link to comment Share on other sites More sharing options...
hogg2007 Posted December 2, 2015 Share Posted December 2, 2015 Hi Joanne, I was in a similar situation with negative equity, and I contacted Bankruptcy from Abroad (a company already mentioned in this thread I believe) they provided help and guidance to sort the situation out via a UK bankruptcy, with little impact on your situation in Australia. I would recommend getting in touch with the company for some advice on what would be best for your circumstances. Hi, speaking as someone who has just come through bankruptcy in the UK from Australia I cannot recommend Bankruptcy from Abroad highly enough. When I was first looking into it I looked at the threads on Poms in Oz and their name came up a few times. I googled them etc. and if I'm perfectly honest, I wasn't 100% sure if they were a scam or not, but I enquired anyway. That was in September 2014. We had an initial Skype conversation where it was agreed that bankruptcy would be the best option for us. The process was really, really easy, and reasonably priced too. By the 26th November we had been declared bankrupt in the UK. Michael, our contact at BfA was so helpful, we had problems throughout the year with our bank, but we'd paid for them to sort out all our creditors so all we had to do was let them have the correspondence we'd received and they dealt with it straight away, copying us in on anything they sent out. We received an email from Michael last week saying we were officially debt free, having served our year as bankrupt! It had no effect on us in Australia. I'd be happy to answer anybody's questions on here if they had any doubts about using Bankruptcy from Abroad - and after that glowing report I thnk I should be on commission!!!! :wink: Quote Link to comment Share on other sites More sharing options...
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