New figure from the Insolvency Service indicate record levels of insolvency for 2009.
A growing number of Brits are taking the plunge and moving to other countries for a better quality of life, but the far-reaching arm of the credit crunch 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 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, and if your debt is not dealt with correctly, they 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.
Some may even wish to have the option of returning to the UK at some point in their lives, and who would want to return to a country faced with out-of-control debts and the wrath of creditors!
It can be dealt with simply. 1Stop Money refers your case to 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!
For more information on filing for bankruptcy or other debt solutions, please click on the relevant links below.
Will bankruptcy remove ALL of my debts?
Being discharged from bankruptcy
Alternatively, to discuss bankruptcy please call 1Stop Money on 0800 012 4039 or fill in the online form and a 1Stop Money broker will contact you as soon as possible.
1Stop Money - your first stop for finding the debt solution you need.