chased for Dutch dept

[jock jockson]

Hi first off great site lot's of great info.

My problem is I lived in the Netherlands for a number of years and was going to say there for good, till I lost my job and the cost of living has sky rocketed there so was put in a corner. So decided to move me and my family back to scotland. The problem is the Dutch mortgage I have we have stopped paying so the house will be repossessed soon and sold at a loss so will owe about 50 to 60 thousands euros im guessing. Can the dutch chase me in the UK for that dept. I can not afford to pay it. would a collection agency buy a dutch dept or could it be sent through the courts. What options do i have

 

Thanks for any advice

[unclebulgaria67]

Within the EU, there is cross border debt enforcement available through the courts, so in theory they could take you to court in Scotland.

 

Think you will have to get advice when the debt amount is worked out. If you have no assets, perhaps bankruptcy will be an option you would have to consider. With property debts, they take longer before they become statute barred by limitations laws. In England property debts can be enforced for 12 years in the courts. So with a debt for the sum you are talking about, you would have to seriously consider whether you would want this hanging around for the rest of your life. If you have no assets and bankruptcy would not affect you too much, then it is worth looking at.

 

You should look to get some debt advice in Holland, as I am not aware of the all the laws there that might help you and you may be able to go bankrupt there cheaper than the UK or there may be other options. It is also worth contacting UK debt advisors, such as Stepchange, who are the main debt charity.