Declaring UK Bankruptcy from Australia

In 1924 Sir Richard Linton created one of the first migration programmes to Australia. This was known as the "Big Brother" movement and opened the lands of Australia to young English workers that were looking for a new life overseas. Under this scheme just over 12,000 hopeful young people entered into Australia to start a new life overseas.

Just after the Second World War, between 1945 and 1972, over a million migrants settled in Australia under a similar scheme created by the Australian Government. The large influx of British subjects were known as the "Ten Pound Pom's" as the cost of the fare from England was set at just £10 per person!

Nowadays the fare to Australia may have increased but the demand for skilled British workers continues to the point where Australia is the most popular Country to emigrate to, with thousands of people heading for a new life down under. Unfortunately a high proportion of these people will also carry some form of UK debts with them. Some people will leave a property in the UK either tenanted or for sale in a flat UK housing market.

We have helped many people living in Australia with UK debts. Most people will settle in these countries with the clear intention of paying these debts off, but various factors can influence this decision and exchange rates together with the cost of living can impact upon these repayment plans.

If you need advice on how to go bankrupt from Australia contact our company. We have helped many clients go bankrupt from Australia with debts in England and our specialist bankruptcy service means that you do not need to return to the UK to do this. Your bankruptcy can be filed in England using our foreign bankruptcy service from Australia.

To enquire about our assisted bankruptcy service from Australia, please feel free to contact our company either by using our short enquiry form or directly by email. We specialise in bankruptcy from abroad and always try to provide the best advice possible for a client. We assess each enquiry on an individual basis and look at how a bankruptcy from Australia may affect your life overseas.

Live in Australia and need to file for bankruptcy in the UK?

Our assisted bankruptcy service for ex- UK residents living in Australia can be the ideal solution for many reasons. If you are filing a British bankruptcy from Australia we can deal with your creditors and give them a point of contact within the UK. This then avoids the situation where, if you have given them your new address, they transfer the debt to a local debt collection company. This also avoids UK debt collectors contacting neighbours or family to try to locate where you are now living.

If you live abroad and need to file for bankruptcy in England you will need a specialist company to assist you with this. Our company specialises in UK bankruptcy from Australia and allows you to go bankrupt in Britain while living overseas.

If you are living overseas and need to file for bankruptcy in England we can also help if you own a property. As part of our service we will deal with your mortgage company and the hand back of your property. In some situations if your property has been on the market for some time and still not sold, this may be your best option to take. We will then make sure that the property is dealt with as part of the bankruptcy, as after the hand back there is a high chance of the property being disposed of via an auction or at below market value. In these cases we normally see a large shortfall in relation to the value of the property and this can then be absorbed into the Bankruptcy leaving you debt free in England. For further information on a United Kingdom bankruptcy from Australia and how we can assist you with your property please use our short enquiry form to contact us or send an email and we will respond as soon as possible.

How to declare bankruptcy in England while living in OZ

If you are an overseas resident going bankrupt in the UK you need to take specialist advice. A bankruptcy from Australia is dealt with in a similar way to a person declaring bankruptcy in England. If you have assets or disposable income these can be affected even if you don't live in England. The Insolvency Service has a duty to the creditors within the bankruptcy and they will try to recover any assets or spare income from the person in bankruptcy-independent of where you live in the World.

If you are looking for some help or advice we offer a free initial consultation. All information is held securely under UK Data Protection laws and if you decide not to proceed with our service we confirm that none of your personal information is ever disclosed to any third party.

Your bankruptcy would be submitted through the High Court of London using our specialist power of attorney system. This allows you to remain in Australia while the bankruptcy is dealt with on your behalf. For more information contact our company and we will arrange an informal consultation with an experienced Insolvency advisor.

Below we show a case study from one of our clients that moved back to Australia and used our foreign bankruptcy service to resolve their property issues and unsecured debts.

Previous Client in Australia-Bankruptcy Case Study

"Mr & Mrs K lived just outside of London for many years after moving from Australia. Both had good jobs in the financial services industry and after being in England for a few years purchased a nice detached property. As part of this lifestyle credit cards and loans were offered and taken, but with two incomes there were no problems maintaining payments.

When the "credit crunch" hit the UK, both jobs were placed under threat and when their positions became redundant they had to use credit cards to support themselves. Their situation was also impacted by a drop in equity in their property and with the house up for sale even dropping the house price did not bring any potential purchasers.

After countless attempts to secure employment proved unsuccessful, their mortgage fell into arrears and their credit cards limits were reached. The decision was made to return to Australia where friends and family were offering support and they vacated their property leaving arrears and unsecured debts of around £50,000."

Mr and Mrs K contacted our company and we took control of their situation. We informed all of their creditors of the preparation of the bankruptcy and confirmed amounts owing. We then contacted the Mortgage Company and the secured Loan Company and dealt with the voluntary hand back of their property.

We then prepared the bankruptcy and covered all of the debts that had been accumulated in the UK. The bankruptcy was presented to the High Court of London and approved, leaving our clients debt free and able to concentrate on rebuilding their lives in Australia.

Bankruptcy from Australia-FAQ

Please find below a list of frequently asked questions in relation to filing bankruptcy in England while living in Australia.If you have a question that is not shown on this section please feel free to email us and we will reply and post the question on our website.

How does bankruptcy in England affect me in Australia?

Can my UK debts be pursued in Australia?

Will going bankrupt in England affect our credit rating in Australia?

I want to go bankrupt in England from Australia

Does your Australian bankruptcy service deal with our UK Creditors?

Does your Australian bankruptcy service deal with our property in England?

Bankruptcy in Australia-how does this work?

Client Testimonials
Australia

 "I posted all the forms back to you yesterday via recorded delivery...I am confident it was all done correctly. I must say BFA make it very user friendly which helps"

"That's all good news - thanks so much Michael! It honestly has been such a huge burden and I feel like there is light at the end of the tunnel now - you really offer a great service"

F.B.
Coffs Harbour, NSW, Australia

"I was very hesitant to enquire about filing for bankruptcy at first, and had many concerns. But Michael and the team helped by answering all my questions, and assisting me all the way through. I felt that the staff were really very friendly; this helped greatly in what was such a worrying situation for me. I felt that I was dealt with in a very personalised way, not as just another client. And the process was done efficiently, with my bankruptcy being granted just a couple of months after my initial enquiry, I would highly recommend BFA. Thank you so much for your work. I am thrilled that my debt has been wiped, and the burden lifted from my shoulders".

A.R.
Potts Point, NSW, Australia 

"With the stress that my wife and I were suffering from, given our decision to declare bankruptcy, it was a huge relief to hand the entire matter over to Michael at BFA and get on a plane to Australia. We were able to start our lives over and our faith in BFA was vindicated when everything was taken care of promptly and efficiently. We were also very grateful for Michael's prompt response to any questions before and after the finalisation of the bankruptcy process"

K.T.
Sydney, Australia

"Thanks again to you and the team-a very smooth process"

J.H.
Coniston, NSW, Australia

"It is a big relief to have everything sorted now. We would like to thank you and your team for all your help in this process"

S.J. & D.J.
Pacific Pines, QLD, Australia

"Thank you so much for the bankruptcy it's such a relief off our mind! Really can't praise your company or staff enough, you provide a first class service and made the process so easy! I'd like to say I'd use your services again but fingers crossed I won't have to....!"

S.P.
Mountain Creek, QLD, Australia

"Thank you so much. Your approach has been excellent and timeously"

J.F.
Melbourne, Australia