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John Knox
John Knox, Solicitor
Category: UK Bankruptcy Law
Satisfied Customers: 1140
Experience:  solicitor with 8 years experience
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Hi John, I am considering bankruptcy in NZ for a student

Customer Question

Hi John,

I am considering bankruptcy in NZ for a student loan debt.

In a previous post you mention that there is a reciprocal treaty with the UK and only a slim but never the less possible chance of them coming after UK assets. Would joint owning all assets with my partner e.g. house/business mitigate this.

Equally if all assets were in the name of my partner, would this make it impossible for them to seize anything?
Submitted: 1 year ago.
Category: UK Bankruptcy Law
Expert:  John Knox replied 1 year ago.
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Customer: replied 1 year ago.

Hi John,


 


Thanks for that.


 


I have a house and business over here in the UK. Do I need to declare these when filing for bankruptcy over there.


 


Is going bankrupt in NZ from over here a relatively safe option or is it likely that they will attempt to come after me over here and enforce a court order to seize my assets?

Expert:  John Knox replied 1 year ago.
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Customer: replied 1 year ago.

Doing this, if I wanted to move back to NZ eventually and buy a house, again in my partners name would i need to wait 5 years, i.e go home as an undischarged bankrupt with no assets all of which were transferred 5 years past to my partner and my partner buys the new house in NZ.... or,


 


do I need to wait 8 years, the five years before declaring bankruptcy and then 3 more years until discharge before returning home and buying a house?

Expert:  John Knox replied 1 year ago.
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