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Senior Partner
Senior Partner, Solicitor
Category: UK Immigration Law
Satisfied Customers: 13325
Experience:  Solicitor
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Hello, I am at risk of being declared bankrupt in South Africa

Resolved Question:

Hello,
I am at risk of being declared bankrupt in South Africa due to the sequestration of assets of a close corporation of which I am a member; having signed personal surety for the CC's immovable asset which is due to be auctioned off. Should there be a shortfall on the loan and the selling price, I will be held liable. I have a mortgaged house as an asset in South Africa.
I am resident in UK for tax purposes since July 2008. I only have a car here as an asset.
What are the implications for my work, tier 1 visa renewal and life here
in the UK, should I be declared bankrupt in South Africa?
kind regards,
agnes
Submitted: 5 years ago.
Category: UK Immigration Law
Expert:  Senior Partner replied 5 years ago.
it should not have any as long as you continue to be able to work and support yourself without recourse to UK state funds.
Senior Partner and 2 other UK Immigration Law Specialists are ready to help you

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