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Advice Needed - UK Debt Emigrated to NZ


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Looking for some advice / information, my wife and I emigrated to New Zealand one year ago, leaving behind some debt which we have been making regular monthly payments. I have in my name 4 credit card debts totalling £12000 split quite evenly over the 4 cards.

 

My wife has a Lloyds personnel loan for £6000 and a credit card for £6000.

 

We are currently coming to the Point where we cannot meet the monthly repayments.

 

I have read on the Internet just walking away is a option as they are unable or unwilling to pursue the debt in NZ.

 

The problem is my wife is a solicitor and so if they declare her bankrupt she would be unable to practice law in NZ.

 

Does anyone think if we said to the various companies we can't keep this up, we want the interest stopped and we want the monthly repayments lowered as we are in NZ they would give in and accept it.

 

Any advice or help would be greatly appreciated

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  • 1 month later...

Unless your showing up on UK land registry searches, why would your creditors or DCAs spend the 600GBP to go to the trouble of bankrupting you?

 

Your figures are tiny. I'm sure you'll just get the usual threato grams every day or so.... Relax it's costing these muppets money to send these empty threats.

 

The only thing I'd be on my toes about is if they should enlist a local chancer to try some empty threats (There are examples here ie Pie&Ale and The Probe Group.) Then you can research your local law situation and report them the local agencies. I would start with a complaint to the police in the case of somthing like the Probe Group chasing unenforcable UK debt in Victoria Oz...

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