Thank you.... for the info and quick response I'm actually already with a debt management company in Australia. I've defaulted on my payments for a month now. I emailed them to tell them I'm living abroad and they have given me two options to deal with the situation. ____________ 1. Termination: If your position has changed and you are unable to continue, you can request to terminate your debt agreement. This is done by raising a proposal to terminate. Once a proposal to terminate is received ITSA will notify your creditors. Creditors will then have the opportunity to vote in favour or against the proposal. If your creditors agree to the proposal, your debt agreement will be cancelled, allowing you to file for bankruptcy, if you so wish. If not, Creditors will revive their debts and resume debt collection (calls, letters etc) etc etc. or 2. Variation: You may be able to change your agreement by means of a Variation Proposal. Like any proposal, your creditors would need to vote in favour of the changes for the proposal to be accepted. __________ I'm not sure whether to continue correspondence with them as they have asked for my address. Because it's not them that will actually be chasing me, they'll hand it over. Anyway.... I will contact the national debt line for advice tomorrow. I'm really unsure of the way forward here, it's such a stressful situation to be in. I'm not really worried about them chasing me here, I'm mostly worried about them hassling my parents. (39 years old and still worried about what my father would think.... he's an ex bank manager and his daughter has got himself into this mess ) I read on an the Australian site ITSA that if you go bankrupt it stays on your file for life. And it's only six years in the UK. I'm not sure if this is accurate, but if you can walk away for six years and be protected by the statute of limitations going bankrupt doesn't seem like a great option?

Thank you, it's great to be able to get some credible advice. I know it's not particularly moral, but a lot of people think I should walk away from the debt. Will they chase me in the UK? And can they access my credit file here? I did get in touch with the debt agreement company via email to tell them I was living abroad and they keep sending me emails to get in touch with them immediately. I haven't as yet. Can you advise me of the process here? I shouldn't acknowledge the debt in writing, is that right? I want to be able to start afresh, buy a house over here eventually etc etc. I'm 39 and really want to set up some security for my son and I. There seems to be a lot of people on the forums saying it is possible to walk away. Is it? I don't really want to go bankrupt if it's going to affect my ability to buy a house abroad in the near future. Thank you, it's great to be able to get some credible advice. I know it's not particularly moral, but a lot of people think I should walk away from the debt. Will they chase me in the UK? And can they access my credit file here? I did get in touch with the debt agreement company via email to tell them I was living abroad and they keep sending me emails to get in touch with them immediately. I haven't as yet. Can you advise me of the process here? I shouldn't acknowledge the debt in writing, is that right? I want to be able to start afresh, buy a house over here eventually etc etc. I'm 39 and really want to set up some security for my son and I. There seems to be a lot of people on the forums saying it is possible to walk away. Is it? I don't really want to go bankrupt if it's going to affect my ability to buy a house abroad in the near future.

After a messy divorce, I moved back to Australia with my 3 year old son. But as a single mum, I was struggling. I had a good credit rating and applied for a credit card to help me get back on my feet ie pay child care fees etc while looking for work. the bank just kept giving me more credit. Before I knew it I was $10k in debt and the credit cards had increased to 21% interest. I was drowning. I had a good job by this stage but I couldn't keep up with the credit card repayments. I asked the bank for help, they turned their back. I asked again and again, hoping they would freeze the debt and transfer it to a personal loan. no luck! I set up a debt agreement. for 2 years i paid $130 a week, a lot for a single mum to pay. In the end, I decided life was too difficult for me in australia, so I decided to move back to the UK to have shared help with my son's father. I thought I could continue paying the debt from over here, but I have found it difficult to find a decent paying job. A friend has advised me to forget about it.... to just walk away from the debt. But I'm worried about the consequences. I'm frustrated at the situation, annoyed at the banks for what they are doing to everyone. Of course, the bank I'm talking about in Australia is owned by the Rothschilds! So, I got in touch with the debt agreement agency the other day by email to say that i'm now living abroad and wish to pay $50 a month for the moment. That's all I can afford. They said the creditors weren't likely to agree to this.... and asked me to offer $100 a week or another alternative was to go bankrupt. Can I go bankrupt in Australia while living abroad? I'm worried they may try to get in touch with my parents in australia to try and find me if i do not get in touch. i do not want my parents affected by this. Can I walk away from this debt? How long does it take for a debt to be wiped from your credit record? I will have to return to australia, for holidays etc, as it's where my family are. I also do not discount a move back there in the next 5 to 10 years once i've got back on my feet. Any advice anyone can give me would be great. There has to be another way for us all to live in the future. This debt problem is causing so many problems for so many people. And the banks are just getting richer and richer. They are the ones who own the world and they are striving to take us all down so we are totally indebted to them. We already are