Uk Debt In Thailand

[simon43]

As has been pointed out, in order to declare yourself bankrupt, you need to be in the UK and you need to pay a fee for this process.

If your creditors want to declare you bankrupt, they will also have to pay a fee. So if they are not that concerned about this debt, they certainly will not pay a fee to declare you bankrupt. So, you can easily find yourself in a situation where you want to be declared bankrupt, (eg - in order to wipe the slate clean), but it is not actually feasible to become bankrupt!

Simon

[taxexile]

but £80,000 is beyond my means.

then why did you borrow it ?

[Maigo6]

.

Spending the rest of my life looking over my shoulder certainly would keep me anxious.

Just my view.

Jesus h christ, he's hardly Jack The Bleedin' Ripper, he's not on the top ten most wanted list is he!

Jus a few debts, in fact when you total up his debt, it's probably f all compared to many other people in UK, Mortgage Car etc...............

Yes I know, they intend to pay it back, this guy doesn't.

It still don't make him Lord Lucan.

Edited September 18, 2007 by Maigo6

[mikethevigoman]

i should be able to be here as of right and I would be if i didnt have big eyes.

Your bad UK debts won't get you sent to Jail in Thailand, but what will you do when you're money runs out in Thailand?

As I mentioned in a previous post, you have nothing to fear in UK, The UK Prison Service is unbelievably good to guests, and if you have first convictions of the non sexual or violent or anti-social kind, you're ok. Fraud for example.... you can expect a Catagory D accomodation within 6 weeks of conviction.

Example, HMP FORD in Arundel West Sussex, beautiful scenic setting, Cricket pitch, Bowling green, Football pitch, Cinema, your own room ( with key), great food and an immediate welcome back into the Social Security System.

Come out, sign on, get all the assistance you need, get an housing association house or flat, rent it out, go on the sick with a bad back and stay in Thailand forever, collecting your money via ATM in Thailand.

You wouldn't be the first, and you won't be the last.

Sounds marvellous ! even enticing .lol

[garro]

My point is that defaulting on loans is not the best way to begin the stress free life the poster says he needs.

[mikethevigoman]

I 'ran away' to Thailand because my wife is Thai, my children are half-halves and my wifes side of my extended family are here. I can't see how that gives Farang a bad name - i should be able to be here as of right and I would be if i didnt have big eyes.

That doesn't give you the right to pollute Thailand.

Fancy calling your children ''half-halves''. Prat.

Hope you are not on my jury, jesus,if you reckon hes polluting thailand you want to take look around pattaya etc.this guy is a lightweight debtor ,not a criminal per se,.

[mikethevigoman]

From what i have heard off a few people in this postion is there is not much to worry about over here as long as you have not lied on any of your applications back home you can not be done for fraud because you haven't lied to get these credit cards or loans and as long as you have made some payments on these they cannot prove you had no intentions of paying them back!!. As for bankruptcy after a year or so you will be defaulted on your payments and contract cancelled which is when it go's on your credit history and stays there for 5 or 6 years i think, and then is handed to the baliffs/collection agency!! And i dont know if they can sell the debt to a thai company but would think it was a bit out of there juristiction( spelling??).

You are spot on, what bailiff company is going to hop on a plane and come here to get 5p in the pound,.and as for thais collecting/buying the debt, never in a million years,

[positiveaction]

Hi OP

Well my more positive post is following...but first let me make one small comment. Is this thread not full of the most sanctimonious, moral perfect citizens or what? I bet half of the abuse you have got, was from people who have done far worse in life. Most of the banks and credit card companies ruthlessly exploit human nature by shoving credit down your throat.

As a result of your default, no-one will lose a job, go bust or even lose sleep, as another poster mentioned they have a provision for defaults. So I would not let these prats put you on a guilt trip.

The best thing to do is make a list of the different credit cards or loans and the debt collection agency its been passed to. Then compile a income and expenditure spreadsheet and add a note that you are living on the charity of family or girlfriend. Offering to pay even a ridiculously small amount per creditor will keep it all under control for as long as you want to pay. Make sure you get the interest frozen on all account. laternatively and less moral let it all take its natural course which may be bad credit for a long time, judgements and little else. When you get your life and finances sorted, you go to the debt agency and offer 30p in the pound or whatever, to clear and post a note on your file the debt is satisfied.

Contact this free help site for more proessional advice and dont worry about hitmen. www.cccs.co.uk

[mikethevigoman]

It depends on who you have the debt with. Many companies nowadays have affiliates overseas, and it's much harder to "run" away from a debt now.

Running away from your debt is the same as stealing money!

Disagree, you dont know his personal circumstances,( although he has mentioned some ) and can you tell us of one such company that has collected a debt in thailand originating from the uk,..?

[taxexile]

so you are saying that this guy who uses 80000 pounds of someone elses money should just forget about it , that those who he owes the money to should just forget about it and that life goes on.

does money grow on trees ?

somebody will have to cough up and please dont say that the banks can afford to cough up , because the banks never cough up , they just increase their charges to other customers , the ones who do pay up.

why should he walk from this. hes a lazy scrounger , claims mental illness , goes on the sick and expects to live here as his right.

i hope he is made to face up to his responsibilities and his debts.

he is a pathetic loser , like many others who wash up here.

[mikethevigoman]

Hi OP

Well my more positive post is following...but first let me make one small comment. Is this thread not full of the most sanctimonious, moral perfect citizens or what? I bet half of the abuse you have got, was from people who have done far worse in life. Most of the banks and credit card companies ruthlessly exploit human nature by shoving credit down your throat.

As a result of your default, no-one will lose a job, go bust or even lose sleep, as another poster mentioned they have a provision for defaults. So I would not let these prats put you on a guilt trip.

The best thing to do is make a list of the different credit cards or loans and the debt collection agency its been passed to. Then compile a income and expenditure spreadsheet and add a note that you are living on the charity of family or girlfriend. Offering to pay even a ridiculously small amount per creditor will keep it all under control for as long as you want to pay. Make sure you get the interest frozen on all account. laternatively and less moral let it all take its natural course which may be bad credit for a long time, judgements and little else. When you get your life and finances sorted, you go to the debt agency and offer 30p in the pound or whatever, to clear and post a note on your file the debt is satisfied.

Contact this free help site for more proessional advice and dont worry about hitmen. www.cccs.co.uk

Great advice, and you re right about the kettles calling black on here i bet,. until he goes back to the uk he has no fear of contact, for an order or similar he will need to be served with a summons, will they come here to deliver it ? highly unlikely,

[mikethevigoman]

so you are saying that this guy who uses 80000 pounds of someone elses money should just forget about it , that those who he owes the money to should just forget about it and that life goes on.

does money grow on trees ?

somebody will have to cough up and please dont say that the banks can afford to cough up , because the banks never cough up , they just increase their charges to other customers , the ones who do pay up.

why should he walk from this. hes a lazy scrounger , claims mental illness , goes on the sick and expects to live here as his right.

i hope he is made to face up to his responsibilities and his debts.

he is a pathetic loser , like many others who wash up here.

And the solution is ?.bit hard i feel buddy, any of our circumstances can change.

[Maigo6]

hes a lazy scrounger , claims mental illness , goes on the sick and expects to live here as his right.

i hope he is made to face up to his responsibilities and his debts.

he is a pathetic loser , like many others who wash up here.

And he beauty of it is, if he keeps playing the Mental Health Card, there is not a thing anybody can do, except give him a disability allowance every month.

[taxexile]

UK Debt When Moving Abroad

By Nicola Bullimore

Article Word Count: 800

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The idea of moving abroad to escape debt seems to be more of a common practice these days. People with failed businesses or swamped in debt seem to think moving abroad will give them a fresh start, free from debt and allow them to build a new life.

It became obvious after reading some of the comments on various UK debt forums that there is divided opinions on this. Some people think running away from debt is too much of a risk, and believe the creditors will eventually catch up with the debtor, whilst others encourage the idea, stating that there is no way debtors will be found and seem to encourage people to move on and enjoy a new life free from the responsibilities of debt.

In the past this might have been a successful way to start a new life without the worry of unpaid debt. However, creditors and courts alike seem to have caught up with the idea over the last few years and have taken action to make it more difficult for people to escape the responsibility of repaying outstanding debt.

Creditors taking action

Some countries, such as Germany and Canada, have reciprocal agreements when it comes to tracing debtors and debt collection practices. There is not an awful lot of information regarding which countries have reciprocal agreements and which do not. Could it be that creditors do not want people to become too clever so have not made it common knowledge? However, a search around the World Wide Web might disclose a few more countries with these agreements.

A reciprocal agreement in the UK means a UK Court can enforce a CCJ (County Court Judgment) using the legal system of the other country. If there is no such agreement in place, a creditor can sell a debt to the relevant country where the debtor resides and debt recovery procedures will commence under the law of that land.

Tracing a debtor

The resources available to creditors nowadays when it comes to tracing a debtor are vast. Although the resources in other countries may be limited, there are still ways and means of finding people, especially once the creditor finds out which country the debtor has moved to. A creditor may have their own department in that country, or relations with other credit companies in that area.

Creditors can also try a tactic or two to locate someone’s whereabouts. They may go to the last known address, talk to the neighbours, family friends or relatives who could unknowingly tell them of the person’s whereabouts. Once they know which country the debtor is in, their job is made much easier.

Using an ATM card in another country shows us how easy it is to get information from a UK account abroad. If we can do this so simply, what other information is able to zip round the world almost instantaneously?

Having resources to trace a debtor or having agreements with other countries, or even the possibility of selling the debt to an agency in the appropriate country does not automatically mean that a creditor will be successful in tracing a debtor. In some cases, people do get away with it. It is however a risk for anyone considering moving abroad to avoid debt. A creditor has a period of 6 years from the last time a person acknowledged a debt to use the legal system to recover monies. However, if a creditor has taken legal action on an account, the debt can be legally recoverable indefinitely. This means that someone could start a new life abroad and work hard for the assets they accumulated, only to find a few years down the line that a creditor has traced them! This could mean everything they have worked for is put at risk and could be taken from them to repay their debt.

[taxexile]

Most of the banks and credit card companies ruthlessly exploit human nature by shoving credit down your throat.

so the person who borrows 80,000 and runs from it has suddenly become the victim ?

excuse me whilst i shed a tear for mr. panic attack , pass the kleenex.

no body forcibly shoves credit down your throat , you choose to take out a credit line in the same way as you choose to buy a product.

victim my a4se.

he knew exactly what he was doing , he hopes he can get away with it , and now he has the sweats.

[Maigo6]

This means that someone could start a new life abroad and work hard for the assets they accumulated, only to find a few years down the line that a creditor has traced them! This could mean everything they have worked for is put at risk and could be taken from them to repay their debt.

A good reason why putting the house in a Thai wifes name is not a bad idea for many!

Edited September 18, 2007 by Maigo6

[taxexile]

A good reason why putting the house in a Thai wifes name is not a bad idea for many!

that could end up as a double whammy !

[Carmine6]

snip

A reciprocal agreement in the UK means a UK Court can enforce a CCJ (County Court Judgment) using the legal system of the other country. If there is no such agreement in place, a creditor can sell a debt to the relevant country where the debtor resides and debt recovery procedures will commence under the law of that land.

snip

Having resources to trace a debtor or having agreements with other countries, or even the possibility of selling the debt to an agency in the appropriate country does not automatically mean that a creditor will be successful in tracing a debtor. In some cases, people do get away with it. It is however a risk for anyone considering moving abroad to avoid debt. A creditor has a period of 6 years from the last time a person acknowledged a debt to use the legal system to recover monies. However, if a creditor has taken legal action on an account, the debt can be legally recoverable indefinitely. This means that someone could start a new life abroad and work hard for the assets they accumulated, only to find a few years down the line that a creditor has traced them! This could mean everything they have worked for is put at risk and could be taken from them to repay their debt.

Not sure where you got this, but it's the topic of the month here:

http://www.debtquestions.co.uk/topic_of_the_month.php

Guess I might have been right about there being some UK laws about this. Amazing that it becomes collectible even without an agreement between the countries. I don't quite believe that, but who knows. Seems like there's a business opportunity in here.

[positiveaction]

interesting comment TAXEXILE!!!!!!!

[Maigo6]

A good reason why putting the house in a Thai wifes name is not a bad idea for many!

that could end up as a double whammy !

Haha.....right Tax,

then again, guys who don't owe money in the UK still go his route, and can still lose it all!

[Maigo6]

Amazing that it becomes collectible even without an agreement between the countries. I don't quite believe that, but who knows. Seems like there's a business opportunity in here.

Yeah........ I'd like to see a couple of wideboy tracksuit wearing debt collectors go to an Isaan village to collect the dosh, they would have the whole tribe to contend with. It ain't gonna happen.

[Wolfie]

Ok personal feelings aside here guys, keep the insults and name calling out of it... thanks!

[Douggie Style]

If you can manage it, I honestly think you will find making an arrangement [token payments over a long time] the sensible long term way to go.

Go through one of the charity debt relief agencies [as mentioned in previous posts].

Be upfront, faced with the choice of nil or something, it is amazing the deals that can be cut, again probably best to go through an agency, as they do know the laws and may have some rapport with the lenders.

This immediately will take a load of your mind and reduce chances of any actions, while you consider your next step, the golden rule is to stay in touch and make an effort no matter how small.

If you do go that way, stick to any agreement religiously.

Stuffing up your future up for a relatively short term problem is not clear thinking.

As to debt following you to Thailand, that sounds highly unlikely & probably a last ditch scare story [who made the threat?] but I really don't know.

Your situation is common, you can certainly dig your way out of it.

[Manchester]

I would not worry to much about it.

I have over 250,000 in debt in the UK and not once in all my time here have i EVER looked over my shoulder or been worried.

I use my UK bank account to pay the loan company 50 pence a month. I,m making payments so i have never been chased.

The money bought me a lovely home here and a nice car. Now i have a good job and life is SWEET.

Edited September 18, 2007 by Manchester

[garro]

I would not worry to much about it.

I have over 250,000 in debt in the UK and not once in all my time here have i EVER looked over my shoulder or been worried.

I use my UK bank account to pay the loan company 50 pence a month. I,m making payments so i have never been chased.

The money bought me a lovely home here and a nice car. Now i have a good job and life is SWEET.

Winner

I wish I was more of a sociopath

Edited September 18, 2007 by garro

[Khun ?]

Many of these dead beats are more liars than thief

Hope they protect children and society itself from them at some time.

Wonder what goes through their mind when it is visa time, will the passport be canceled?

[Maigo6]

I would not worry to much about it.

I have over 250,000 in debt in the UK and not once in all my time here have i EVER looked over my shoulder or been worried.

I use my UK bank account to pay the loan company 50 pence a month. I,m making payments so i have never been chased.

The money bought me a lovely home here and a nice car. Now i have a good job and life is SWEET.

[Prakanong]

Many of these dead beats are more liars than thief

Hope they protect children and society itself from them at some time.

Wonder what goes through their mind when it is visa time, will the passport be canceled?

You really think the UK Embassy knowns about bank or credit card debts back in the UK? - think again.

[Khun ?]

Could very well become the new norm, claims for bad debt must be cleared to hold a passport.

Just a scan anymore in many countires! Sir deadbeat must have problem passport, go back home and fix it or not be able to leave at all from home country most likely.

It is already a fact for some countries for money owed the government, specially when it is someone that already was getting a tax payer handout.

[Prakanong]

Could very well become the new norm, claims for bad debt must be cleared to hold a passport.

Just a scan anymore in many countires! Sir deadbeat must have problem passport, go back home and fix it or not be able to leave at all from home country most likely.

It is already a fact for some countries for money owed the government, specially when it is someone that already was getting a tax payer handout.

Yes for money owed to the govt - there is a question on the UK application form for this with regards to monies owing for travel.

I did not see any where it asked if you owed tax, owed child support or anything else last time I looked.

I would hope the govt would collect its own debts before it looked into private debts of banks or CC companies - I think we know the govt is not going to get involved in that - we do not even check who is in or out of the UK!

I would have thought check to stop criminals travelling when wanted would have been a higher priority than some guy owing what is nota really very large some - same guys who slag off this type of debt and debtor probably think of company directors with bankrupt companies as hero's.