swifty89 Posted October 29, 2015 Report Share Posted October 29, 2015 Hi, I'm moving to Perth in Feb next year with my husband and son. I wanted to know if I went bankrupt in the UK now, would it affect anything towards a sponsorship visa? My husband is being sponsorship and myself and son are going along with him. Thanks, Lorna Quote Link to comment Share on other sites More sharing options...
Ktee Posted October 29, 2015 Report Share Posted October 29, 2015 Hi @swifty89 Lorna, Please don't worry you will all be fine as bankruptcy is not a criminal offence. The only time it would affect you would be if you were applying for a business visa. For a business visa, the DIAC policy states; In any assessment of the applicant’s business career, the performance of businesses in which the applicant has had a management role is a relevant factor. Under policy, this criterion generally should not be considered satisfied if: the applicant has been declared bankrupt in the last 5 years or the applicant is (or has been) actively involved in a business that is (or has been) subject to insolvency, receivership or liquidation or the business has suffered recent trading losses and the business is considered unlikely to be successful in the longer term and this can be attributed to the applicant’s role and decision making in the business. (That is, it is not intended that an applicant fail this criterion if the business is likely to be successful in the longer term despite trading losses resulting from external factors such as those listed above). Quote Link to comment Share on other sites More sharing options...
swifty89 Posted October 29, 2015 Author Report Share Posted October 29, 2015 Hi Ktee, Thank you for this information. Will it not affect renting over there to or getting a mortgage? Quote Link to comment Share on other sites More sharing options...
verystormy Posted October 29, 2015 Report Share Posted October 29, 2015 Hi Ktee, Thank you for this information. Will it not affect renting over there to or getting a mortgage? UK credit has no bearing here. You get a clean slate. Quote Link to comment Share on other sites More sharing options...
Ktee Posted October 30, 2015 Report Share Posted October 30, 2015 Hi Ktee, Thank you for this information. Will it not affect renting over there to or getting a mortgage? As @verystormy has mentioned your UK credit rating has no affect at all over here. I've known people on the sister forum leave thousands of pounds of debt, one member left just under £100,000 of debt and still managed to secure a mortgage, credit cards etc over here. Quote Link to comment Share on other sites More sharing options...
verystormy Posted October 30, 2015 Report Share Posted October 30, 2015 We had a pretty shocking credit rating prior to moving. I had been made redundant and my wife became very ill and couldn't work for a long time. As a result we got as far as a suspended repossion order on our home. But, didn't mean a thing in oz. thankfully. Now have credit cards and a very good mortgage deal. Quote Link to comment Share on other sites More sharing options...
swifty89 Posted October 30, 2015 Author Report Share Posted October 30, 2015 Thank you everyone for your comments. Least I know I'll be ok in Aus. Just hope everything gets sorted now and we can live our new life in Perth Quote Link to comment Share on other sites More sharing options...
ali Posted October 30, 2015 Report Share Posted October 30, 2015 Thank you everyone for your comments. Least I know I'll be ok in Aus. Just hope everything gets sorted now and we can live our new life in Perth My worry is regarding your other posts and if you will have enough funds available to you when you move. Quote Link to comment Share on other sites More sharing options...
swifty89 Posted October 30, 2015 Author Report Share Posted October 30, 2015 Yes we have funds and we have booked return flights just in case Quote Link to comment Share on other sites More sharing options...
Weedolly Posted October 31, 2015 Report Share Posted October 31, 2015 Yes we have funds and we have booked return flights just in casethen why do you need to go bankrupt? You are not! Quote Link to comment Share on other sites More sharing options...
Nigel Abery Posted November 8, 2015 Report Share Posted November 8, 2015 (edited) Australian banks and lenders do not (or cannot) check your credit history overseas. However, they may require you to declare that you have not been bankrupt. There are serious consequences for making false declarations, if you are caught. Good luck! Edited November 10, 2015 by Rossmoyne Quote Link to comment Share on other sites More sharing options...
Nigel Abery Posted November 8, 2015 Report Share Posted November 8, 2015 Hi, Australian banks and lenders do not check your credit file overseas. You will be fine if they don't ask no need to tell. Quote Link to comment Share on other sites More sharing options...
flatpack Posted November 9, 2015 Report Share Posted November 9, 2015 then why do you need to go bankrupt? You are not! Wow, how do you know that after reading a few posts on o forum. Can you let me know what my financial position is after reading a few of my posts, there's a six pack in it for you! Quote Link to comment Share on other sites More sharing options...
Weedolly Posted November 9, 2015 Report Share Posted November 9, 2015 Wow, how do you know that after reading a few posts on o forum. Can you let me know what my financial position is after reading a few of my posts, there's a six pack in it for you!Well if they have funds to keep them here then they are not bankrupt. I thought bankruptcy was a last resort when you didnt have any money to pay debts, not because you werekeeping it to use when you emigrate! Lets all do that Quote Link to comment Share on other sites More sharing options...
flatpack Posted November 10, 2015 Report Share Posted November 10, 2015 Well if they have funds to keep them here then they are not bankrupt. I thought bankruptcy was a last resort when you didnt have any money to pay debts, not because you werekeeping it to use when you emigrate! Lets all do that You know nothing of their financial plight yet you feel you have the right to take the moral high ground. Maybe you could ask a few questions to get some background information before making your mind up about someone. Or you could just offer some useful information and keep your opinion to yourself. Quote Link to comment Share on other sites More sharing options...
abc Posted November 10, 2015 Report Share Posted November 10, 2015 Everyone needs to calm down, this isn't the poms in Oz forum you know! [emoji23][emoji23][emoji23] Quote Link to comment Share on other sites More sharing options...
Rossmoyne Posted November 11, 2015 Report Share Posted November 11, 2015 As ABC says, be kind to each other please!! Quote Link to comment Share on other sites More sharing options...
swifty89 Posted November 11, 2015 Author Report Share Posted November 11, 2015 Thank you very much Flatpack I wanted advise that was all I clearly haven't said that I was going bankrupt just asked what would happen. Thank you some peoples help it's been very grateful Quote Link to comment Share on other sites More sharing options...
Steely Posted November 11, 2015 Report Share Posted November 11, 2015 We were actually informed, albeit in a tongue in cheek way, to go all out on our credit cards etc before we leave UK, by the bank that we have opened our Oz accounts with :-) We haven't taken that advice! Quote Link to comment Share on other sites More sharing options...
pegg Posted November 11, 2015 Report Share Posted November 11, 2015 We were actually informed, albeit in a tongue in cheek way, to go all out on our credit cards etc before we leave UK, by the bank that we have opened our Oz accounts with :-) We haven't taken that advice! We met a couple of families that did exactly that !!! left the UK with a small fortune !!! Quote Link to comment Share on other sites More sharing options...
verystormy Posted November 11, 2015 Report Share Posted November 11, 2015 We met a couple of families that did exactly that !!! left the UK with a small fortune !!! I have seen it as well. But, I have seen at least a couple later have to return to the UK to live and then there is one big mess. It is also potentially illegal as taking credit with the intention of not paying back is fraud. This then opens up the possibility of an arrest warrant and even deportation. Quote Link to comment Share on other sites More sharing options...
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