Search:     Go  
The Spanish Lawyer Online
The Spanish Lawyer Online
Results 1 to 2 of 2

Thread: Uk bancruptcy can they take my assets here. How do I protect them

  1. #1
    Junior Member
    Join Date
    Mar 2014
    Posts
    1

    Default Uk bancruptcy can they take my assets here. How do I protect them

    It is possible that I could be made bankrupt in the uk soon. I have not lived there for 12 years. Can they go for my assets here ? How do I protect them, house car etc, any advice gratefully recieved.
    Reason for bankruptcy would be because I cannot pay a 40k fine that is coming my way !!

  2. #2

    Default

    Hello,

    The UK Inland Revenue office and the Spanish Tax office can certainly share information so it is absolutely probable that your assets can be seized or an embargo be put on them; protecting them could be regarded as fraudulent conveyance . I suggest you make an inquiry at UK fiscal advisors to be sure of how the usual procedure is in those cases.

    Regards,
    Patricia Martin
    Immigration Consultant at Lawbird | Contact Me
    Check My Profile

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •