jfexecinc
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Personal Guarantee Debt 50k, living now in US
jfexecinc replied to jfexecinc's topic in Overseas Debt/Overseas Account issues
the slight complication is that I own a house in the UK, being rented out currently. The house, is owned by my wife and I, but I own no equity in the house. I am concerned that they will send a bailiff around to the house, even though we dont live there. Can they attach onto my US earnings? -
Personal Guarantee Debt 50k, living now in US
jfexecinc replied to jfexecinc's topic in Overseas Debt/Overseas Account issues
thank you for your response. My partner died a bankrupt with no estate, and (rightly or wrongly), I responded via email to a letter from a law firm, warning me they were going to seek a judgement. I received some forwarded mail that they sent to my last address in the UK, and I emailed them saying I was living in America. They said they didnt care and would still seek a judgement. I have no assets in the UK. The claim was in the County Court Money Claims Centre, and I didnt reply to the court, so they issued a judgement. -
Hi, I am hoping for some advice on this. I am living in the United States now, and I used to be a part owner of a company in the UK. In 2009, this company went into liquidation after my partner took money out of the business, and we couldnt pay our debts. There was a loan for 50,000 which was personally guaranteed by myself and my partner. My partner died a few years ago. The debt was taken out in 2008. After many years of paying small amounts, I became unable to pay any more, and moved a year ago to America. They have recently gained a judgment against me in the County Court, and I wondered what my options were now, and whether they could enforce this, and if so, how. Thank you in advance J
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