Can they take my foreign property?
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I have run up huge debts in the UK, due to a gambling problem I first got whilst living in Canada. I still have my name on the title deeds of a house me and my canadian girlfriend purchased before my gambling addiction. I have no debt in Canada. My debt in the Uk stands at around 拢45,000, with barclays, egg, capital one and barclaycard. Two of the debts are unsecured loans. My main question is will they come after my property if I just leave the country and live in Canada? Unfortunatly my bank account has been used in canada, so it is not as tho they will not know where I am? I cannot afford to go into an IVA, as I am looking ata round 拢300 a month payment, whoch would be too much living in Canada. Would i find myself in court or prison, if i went bankrupt as I have gambled with the money.If I just left, would I get county court judgemkents and that would be it? I know there is lots her im asking, but the stress of this is killing me and I it is such a decision- my whole life is on it
Can they take my foreign property?I'm a little confused about where you own property.
If your property is in the UK, and you up sticks and leave, then it seems likely that the creditors with secured will seek a repossession (at which point, every one else to whom you owe money will stand in line.)
Whether they get this will be up to the judge on the day, but it seems likely to me (as a non-lawyer) that any judge looking at any empty UK property, with an owner who's done a runner, would be likely to send round the baliffs and agree that whoever had the first charge on the house could sell it.
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