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What happens to UK debts if you move overseas

“Debts will not disappear if you’re in another country – so it is advisable that you resolve your debt problems as soon as possible.

If you avoid doing so, the creditors you owe money to could continue adding interest, as well as late or missed payment charges. You could see the debts you left behind increase substantially – causing you a great deal of trouble and worry in the future.

Creditors could also sell your debts on to firms who might add to the debt value or use the legal system to ensure the money is recouped.
Whether you owe a few hundred pounds or several thousands, there’s no point in ignoring it. Paying off what you owe will give you peace of mind and freedom to start your new life abroad.

If you have a substantial amount of debt that you genuinely cannot afford to repay or do not have assets that you could sell to repay your creditors, then you may be able to declare yourself bankrupt. To do this, you will have to return to the UK to present a Bankruptcy petition in person at the High Court office in London.

You will be required to stay in the country for a few days and meet with the Insolvency Services who will conduct an interview with the examiner dealing with your case.

You will have to provide them with all the necessary information surrounding your circumstances and financial difficulties.

If you have a suitable disposable income, you may be asked to repay the debts, but this is dependent on your personal circumstances. If you’re in doubt about where you stand with your debts or are interested in clearing what you owe before you move away, we recommend that you seek professional debt advice.”

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  • Total unsecured debt: £500

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