Bankruptcy for Expats

A growing number of Brits are taking the plunge and moving to other countries for a better quality of life, but the after-shock of the recession has seen a rise in the demand for bankruptcy from overseas.

Wherever you are in the world, 1Stop Money can help you to declare yourself bankrupt without even having to return to the UK.

Just because you have left the UK, it doesn’t stop creditors from trying to trace you. If they have your overseas address or a contact number, they will inevitably seek to retrieve their monies, and it can be daunting trying to deal with chasing creditors from abroad.

You may even have assets abroad, which if your debt is not dealt with correctly could be targeted by creditors or the official receiver in the UK, so it is important to act accordingly following the right channels.

The laws on debts are far reaching – especially in EU countries – and nobody wants to face the prospect of the new life they are forging abroad coming to an unfortunate and untimely end because of ill-managed debts.

You might even want to have the option of returning to the UK at some point in your life, and who would want to return to a country faced with out-of-control debts and the wrath of creditors!

Your overseas bankruptcy can be dealt with simply. 1Stop Money allocates you an insolvency professional who will help oversee the entire process. By appointing power of attorney to your representative, they can act entirely on your behalf, so you don’t have to leave your seat, let alone your country!

Speak to a 1Stop representative today and we can start taking the necessary steps toward acting on your behalf to file for bankruptcy  - and relieve yourself from the burden of debt.