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?
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?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).