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Can anybody living in the EU go bankrupt in England - Bankruptcy UK

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Can anybody living in the EU go bankrupt in England

The short answer to this question is ‘Yes’ but the criteria are becoming harder to satisfy year by year. As England and Wales have the most lenient bankruptcy laws, it is understandable that someone living in Germany might want to file for bankruptcy here, but this has lead to a phenomenon known as ‘Bankruptcy Tourism’. Now the courts take a long hard look at every case to ensure that the individual is here to stay. Bankruptcies involving mainly foreign debt are not granted on the day of the hearing, but referred to the Insolvency Service which examines the available information. They would be looking for things like National Insurance Numbers, local bank accounts, being registered on the electoral roll, children attending local schools, etc. Call us if you want more information as we have helped countless foreign nationals file for bankruptcy in the UK.

 

Bankruptcy UK

Bankruptcy UK