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Posted: Wed Feb 14, 2007 12:06 am
by andy.a
Hi,
Please help i have been very stupid. I have moved to Australia and left all my debts at home. I suppose i just ran away from them!! I still have my house in the UK which is tennanted but they are now getting baliffs knocking on the door and telling them they are there to seize goods. The goods in my home are not mine as we had all our stuff shipped out to Australia but they are telling our tennants that they want receipts for all there goods which they are finding hard to do. I have debts all over the place probaly totalling over £20000 please help i am getting desprate!!
Andy

Posted: Wed Feb 14, 2007 1:25 am
by 123debtsolutions
Hi Andy

Welcome to the forum.

You will need to have an assessent carried out and we would need further information with regards to your length of time out of the UK and current Visa status e.t.c..

Regards

Lee
www.123debtsolutions.co.uk - 08000 114 123

Posted: Wed Feb 14, 2007 10:19 am
by MelanieGiles
Hi andy

If you have lived away from the UK for over 6 months, and have no permanent presence in the UK, then you will need to look to the Australian insolvency legislation in order to resolve matters - either by offering a Debt Payment Agreement or considering bankruptcy.

I have attached a web-site which you might want to look at. The Australian Debt Payment Agreements are very similar to our IVAs, but they have some strict criteria with regard to earnings and debt levels.

http://www.itsa.gov.au/

Is there any equity in your investment propery which could be realised and a deal done with your creditors?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk