I owe about 200,000 pounds to credit-card and unsecured loan companies in the UK - the result of my UK business going down the pan when my major customer went bust. I have a UK house that has been repossed, but whose sale will not clear the whole debt. (Maybe 50,000 pounds would still be owed)
I have kept my creditors informed of my circumstances and my location...
Now I want to declare myself BR in the UK. But it seems that legislation forbids me to do this - since I have been non-UK resident for more than 3 years.
However, none of my UK creditors seems interested in applying for my bankruptcy! I assume that the cost involved and the fact that I live in a country which has no legal agreements with the UK (re BR, child support etc etc), means that they simply are not bothered to chase the debts.
But I certainly would like to go BR in the UK, if only to remove a worry in my mind. I have no intention of living in the UK again, and all my UK assets were seized years ago by my creditors. That was a stressful time, but I have got over it and want to look to the future.
In any case, does a UK BR consider global assets? I assume the court will want to know how I can afford to pay the divorce agreement payments for child and matrimonial support....
Any advice is much appreciated!