Uk Debt In Thailand

[mikethevigoman]

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.

Yes and when /if they find them they have no assets they have wasted more money trying to find the debtor, in most cases the debtor will have blown his stash and have nothing to give,.ive yet to hear of a sucessful claim from someone moving overseas, the court order is worthless anywhere apart from the country its issued in, its full of loopholes,.im not condoning it but its not a valid option to chase someone for civil debt unless its a significant amount with a high chance of getting some return ,.very difficult in another country as local laws/courts wont have durisdiction,.

[mikethevigoman]

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.

That should shut up the purer than pure lot blasting the op, lol

[mikethevigoman]

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.

I would think the government would be glad to see the back of these sorts,.

[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.

That should shut up the purer than pure lot blasting the op, lol

Unfortunately sad but true Mike. I,m not going to waste a single moment of my time with regrets. Its happened, i got away with a large sum of money................i,m making my nominal payment so i,m in the clear law wise.............( like i care what a loan company thinks ).

I think half the bashers on here are probably a little bit jealous. I don,t blame them. But don,t blame me for taking advantage either.

[Manchester]

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.

I guess i,ll just have to suffer with my sleepless nights then....................for about 2 seconds.

Like the UK will ever withold passports on the basis of a civil loan thats gone bad. Its laughable.

[mikethevigoman]

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.

I guess i,ll just have to suffer with my sleepless nights then....................for about 2 seconds.

Like the UK will ever withold passports on the basis of a civil loan thats gone bad. Its laughable.

There is some <deleted> to sift through on here sometimes isnt there !

[Khun ?]

Court order would work amazing things with a key stroke on a computer to keep a person from leaving the area

until a debt was accomplished, it does not take the effort it once did. This would put the old kabosh on those thinking

of running up debt and doing a flyer to another country, which is very common. You cannot stay anywhere if your passport has been flagged, no work permit or hidding assets under the wives name while not paying your debt or maybe better said stealing.

The banks do not lose anything, they have nothing to lose but other peoples money.

Trying to justify it as it is only company money is in itself ignorance. Companies are owned by share holders which is

savings of common folk that you see on the street every day. The same as a person gets for doing work everyday.

Would an employee like to not collect his pay each week or month or not have work at all to support his family because thieves steal the company into foreclosure. One of the reasons companies are having a hard time maintaining pensions now days, which is becoming few that offer anymore.

[Manchester]

One of the reasons companies are having a hard time maintaining pensions now days, which is becoming few that offer anymore.

That statement does not even come close. Utter nonsense.

The single largest reason is that there is an ever decreasing workforce funding an ever increasingly older aged and larger population. There is simply not enough money generated.

As for the rest of the post.....................i will beat myself up tonight. I am so ashamed.

[Bagwan]

AFAIK debt is a civil offence and therefore you cannot be extradited, nor will you be refused a passport. An overseas company may pursue you to the UK and have the matter placed before the civil courts IF they are incorporated in the UK. Else the old Navy saying, "The first turn of the screws pays all debts" holds good.

[ClaytonSeymour]

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.

Even if this were true, provided all the debts are in your name and your assets are in someone elses there's f*** all they could do about it. There are ex-UK residents all over the world who have funded a "new life" by borrowing money and doing just that. The above statement is just designed to scare people.

Anyone with half a brain would just declare themselves bankrupt prior to leaving the UK. The worst that would happen is the Official Receiver would adjudge them to have "absconded", an offence under Bankruptcy which would result in the bankruptcy restrictions possibly lasting longer than the 9 - 12 months typical of a 1st time bankruptcy. I think this can be up to 15 years (I'm not sure), though I think such a lengthy extension would be reserved for repeat offenders or, company directors who are adjudged to be guilty of gross negligence. If you don't intend going back to the UK then this doesn't really matter anyway. However long the duration of bankruptcy the individual would have to make payments to his creditors for a period of 3 years. In practice creditors get little or, nothing, once someone goes bankrupt.

Going back to the original poster, it seems to me the mistake he's made is that he hasn't got the 80K to use in Thailand. So, unless he can find a way of making a living he's going to have to return & deal with this (if he's got enough to live in Thailand for 3 years then he could return, make himself bankrupt then return to Thailand until he no longer has to pay his creditors). For what it's worth he WILL not go to prison, personal debt is not a crime, if he does go bankrupt, even if he is adjudged to have been reckless, he absconds or any other bankruptcy offence - the only punishment the OR can place upon him is to extend the period of bankruptcy restrictions. To some individuals I guess the bankruptcy restrictions would mean nothing. I think in even the worst cases, given time the greedy banks will be prepared to lend them money again.

[Khun ?]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

[mikethevigoman]

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.

Horsefeathers ! it will never happen,.i think you will find that 90 per sent of debtors have no money to collect ! .you could give some people a million pound it will be gone in a year, 80k i could spend that in 3 months, and have done,unfotunatly it was mine, or it may have been spent quicker !

[ClaytonSeymour]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

Easily possible in the UK providing you're in full time employment. Once you get one credit card they all want to give you one, then there's unsecured loans............... The lenders in the UK are far too greedy and irresponsible. I think that's one of the reasons why the current government relaxed the bankruptcy laws, possibly along with the fact that they too wanted people to borrow money, spend and boost the economy.

[ClaytonSeymour]

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.

Horsefeathers ! it will never happen,.i think you will find that 90 per sent of debtors have no money to collect ! .you could give some people a million pound it will be gone in a year, 80k i could spend that in 3 months, and have done,unfotunatly it was mine, or it may have been spent quicker !

I suspect that most of the debtors that do have money have made sure that it's in someone elses name.

[Khun ?]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

Easily possible in the UK providing you're in full time employment. Once you get one credit card they all want to give you one, then there's unsecured loans............... The lenders in the UK are far too greedy and irresponsible. I think that's one of the reasons why the current government relaxed the bankruptcy laws, possibly along with the fact that they too wanted people to borrow money, spend and boost the economy.

I still say near impossible for someone to steal money from several credit cards for a cash house and vehicle purchase of

250K lbs. You actually don't think all these thefts would not show up on this guys name to make the embassy report.

I guess he could of had big pockets but at any rate taking this much off credit cards or getting loans ( which would require

colateral). Oh by the way we see Mr. Johnson has 250K of recent debt with several lenders and last records was him boarding plane for disneyland. In this time of a computer finds about everything kind of unlikely and it would show intent on more than he just hit a bit of bad luck. What high paying work would be available without checking his past life.

[mikethevigoman]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

Easily possible in the UK providing you're in full time employment. Once you get one credit card they all want to give you one, then there's unsecured loans............... The lenders in the UK are far too greedy and irresponsible. I think that's one of the reasons why the current government relaxed the bankruptcy laws, possibly along with the fact that they too wanted people to borrow money, spend and boost the economy.

Im inclined to agree, we had only been back in the uk for 3 months when EGG pre approved me for a 5k card, after 3 months i had a phone call offering me 20k and 4k to clear the card debt. all unsecured,i was a renter and self employed,it is all too easy in the uk to get money, i know another guy here took 150k off loans and cards, paid for 3 months then declared bankrupcy meanwhile he had been out here and bought 2 properties,. goes on all the time,.the borrowers are totally at fault . for not doing a backround means search,.I liken it to leaving 100 pounds on the pavement in the high st and going back the next day and expecting to find it there, totally unrealistic and irresponsible,. Edited September 18, 2007 by mikethevigoman

[mikethevigoman]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

Easily possible in the UK providing you're in full time employment. Once you get one credit card they all want to give you one, then there's unsecured loans............... The lenders in the UK are far too greedy and irresponsible. I think that's one of the reasons why the current government relaxed the bankruptcy laws, possibly along with the fact that they too wanted people to borrow money, spend and boost the economy.

I still say near impossible for someone to steal money from several credit cards for a cash house and vehicle purchase of

250K lbs. You actually don't think all these thefts would not show up on this guys name to make the embassy report.

I guess he could of had big pockets but at any rate taking this much off credit cards or getting loans ( which would require

colateral). Oh by the way we see Mr. Johnson has 250K of recent debt with several lenders and last records was him boarding plane for disneyland. In this time of a computer finds about everything kind of unlikely and it would show intent on more than he just hit a bit of bad luck. What high paying work would be available without checking his past life.

With all respect i think your mind is getting carried away, the government are not responsible for irresponsible lenders or borrowers,.i have heard quotes from Judges in courts that if you take chances on lending you must take chances on it being returned,.

[Naam]

There is some <deleted> to sift through on here sometimes isnt there !

true! and then people are wondering why the thai government is raising the bar for farangs. a fraudster in UK will most probably be a fraudster in Thailand!

Edited September 18, 2007 by Dr. Naam

[Prakanong]

"You actually don't think all these thefts would not show up on this guys name to make the embassy report."

The only dreamer here is you mate if you think any civil debts are linked to any passport database ;-)

Naive or what!

[Khun ?]

Still say it would be fraud in this amount, and time may catch up with it.

When the debt reports start showing up and not all applications were filled out with what credit cards

and debt the person has or applied for, would be filing false documention with intent to commit fraud.

I think an explaination of where the 150K went would be needed for the guy to file bankruptcy in

only 3 months after borrowing money of this amount. Do tell me it is a mail in bankruptcy then, maybe even by e-mail I would assume.

[stevemiddie]

Mmmmmmmmmm. Obtaining that amount of money in loans ( 250k ) is quite easily achievable in the UK

Edited September 18, 2007 by stevemiddie

[ClaytonSeymour]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

Easily possible in the UK providing you're in full time employment. Once you get one credit card they all want to give you one, then there's unsecured loans............... The lenders in the UK are far too greedy and irresponsible. I think that's one of the reasons why the current government relaxed the bankruptcy laws, possibly along with the fact that they too wanted people to borrow money, spend and boost the economy.

I still say near impossible for someone to steal money from several credit cards for a cash house and vehicle purchase of

250K lbs. You actually don't think all these thefts would not show up on this guys name to make the embassy report.

I guess he could of had big pockets but at any rate taking this much off credit cards or getting loans ( which would require

colateral). Oh by the way we see Mr. Johnson has 250K of recent debt with several lenders and last records was him boarding plane for disneyland. In this time of a computer finds about everything kind of unlikely and it would show intent on more than he just hit a bit of bad luck. What high paying work would be available without checking his past life.

It is not theft; it's personal debt & is dealt with in the UK county courts NOT criminal courts.

It DOES NOT require collateral. Credit Cards & Unsecure Loans are exactly that UNSECURE.

I guess that anyone doing this would take the money over a period of time whilst making the minimum payments. It is much easier to do than you seem to think and it's down to the greed of the UK lenders.

[andy1308]

In Malaysia (for Malaysian citizens) your passport is confiscated when you are declared bankrupt, even for civil debts. And it is not returned until you have made a substantial repayment towards your original debts. (At least that was the case until five years ago - I don't think it's changed).

There are two options for the OP as I see it, and it depends on how long you plan to be away from the UK. If you plan on being away for more than a few years then bankruptcy does seem logical, even considering the negative long-term impact. Paying a nominal 50p a month still means you have debts in six years time, whereas by declaring yourself bankrupt your debts are written off and in six years time you can restart you life again pretty much.

[Manchester]

Something stinks about getting 250K ( half mil dollars) without colateral, don't think possible so the big heist

seems to be in the line of a lie. Deceptive and fraudulent means to obtain something of more than a few

hundred dollars/pounds would be a felony. Stick to stealing cars and pickpocketing, it only effects those directly

not the whole community. To easy to trace a house purchase of 15 mil baht to believe the story anyways.

Ethics don't seem to be well enough to keeping a well paid job and don't fit the story line. Dreamer more likely.

You would appear to be financially naieve. This is the UK i received the money from............not the USA. Loans were based on expansion of a company that i owned. Some of the money was VENTURE CAPITOL but i don,t expect you to know about that.

Anyway.........some fancy footwork and i sold the company and kept the money. That is not stealing. Nor was it fraud. I meant to expand at that time.......its just that my plans changed. I,m making regular monthly payments back to the companies involved. There is no intention to deprive..........hence no theft. 50 pence a month. Sod all they can do about it.

Who said i bought a house for 15,000,000 baht? I stated that i bought a nice home and a nice car. I,m not stupid........its a nice Camry, nothing too flash. My home was 5 million. I can afford to walk away from those if i have too.

Embassy reports? What are you talking about? Piffle.

Edited September 18, 2007 by Manchester

[ClaytonSeymour]

There is some <deleted> to sift through on here sometimes isnt there !

true! and then people are wondering why the thai government is raising the bar for farangs. a fraudster in UK will most probably be a fraudster in Thailand!

In some cases yes, in the majority I would say not true. Once they've got to Thailand they are in their Shangri La and wouldn't want to jeopardize it. The Thai economy benefits at the expense of the UK one.

[mikethevigoman]

Still say it would be fraud in this amount, and time may catch up with it.

When the debt reports start showing up and not all applications were filled out with what credit cards

and debt the person has or applied for, would be filing false documention with intent to commit fraud.

I think an explaination of where the 150K went would be needed for the guy to file bankruptcy in

only 3 months after borrowing money of this amount. Do tell me it is a mail in bankruptcy then, maybe even by e-mail I would assume.

I personally know a guy in the uk that went to see an insolvency practioner as he wanted to go bankrupt, he was in a hole and in 3 months of carrying on with loan returns he would be completly broke, the guy he saw asked him to hand over all his cards, list his debtors and banks, he owed about 120k,this company did all the dealing with creditors and negotiated down to 5p in the pound off all but one company when he threatened bankrupcy ( to which they would have got nothing ) hence he didnt go bankrupt and carried on in his business with no debt after paying the 5p in the pound,.and by the way, simon , as we will call him ( cause thats his name ! ) never dealt directly with these companies and never had any correspondence with the creditors, it was all done through this firm and was govt assisted,.

[tijnebijn]

I agree with the posters to try to make an arrangement .

If you want a state of mind , just find a job back in England , temporarily job .

Live a modest life and everything you can do to pay them back .

Explain your situation and try to pay a certain amount every year so when payed go back to your wife for a while

and do the work again until the amount is vanished . At least it will give you a state of mind .

[Prakanong]

In Malaysia (for Malaysian citizens) your passport is confiscated when you are declared bankrupt, even for civil debts. And it is not returned until you have made a substantial repayment towards your original debts. (At least that was the case until five years ago - I don't think it's changed).

There are two options for the OP as I see it, and it depends on how long you plan to be away from the UK. If you plan on being away for more than a few years then bankruptcy does seem logical, even considering the negative long-term impact. Paying a nominal 50p a month still means you have debts in six years time, whereas by declaring yourself bankrupt your debts are written off and in six years time you can restart you life again pretty much.

In Singapore you have to have permission to travel if you are declared bankrupt too - something along those lines anyway and its criminla if you do.

Lots of recent press letters regarding the NKF guy doing a runner and how the ICA at Woodlands did not have details quick enough.

[Khun ?]

would they be mail in and the money sent/drawn to where the house and vehicle purchase was taking place.

Doing more than 10K in money wires transfers in a few weeks time will show up. Thinking you can send small

amounts several times does not miss the movements being traced, the senders name still comes up with total amount

being tracked. Guys we are in the age of everything being seen by computer. You all must think these loan companies are in the dark ages or something. Easy getting credit, no doubt hiding how much you obtain, don't think so.

[Manchester]

TO THE OP>

Don,t worry too much about it mate. NOONE is gonna come looking for you from a Thai debt agency. In the scheme of things.............80k is pretty small fry.

Follow some of the advice here...............email or phone...........make some arrangements to pay a little bit or get hold of one of those companies that deal in debt management.

Ignore all the trolls screaming FRAUD etc. They pretty much don,t understand the UK legal system.

Lenders have to take responsibilty too.