Can I Move To The UK And Go Bankrupt ?

Bankruptcy tourism is a term used to describe the process of a person moving overseas in order to go bankrupt in a different country. Bankruptcy tourism is for many people in Ireland with over-whelming debts a real option as Irish bankruptcy laws are very hard and out of kilter with many other European countries. European laws enable people that have moved to another country within Europe and can prove that they are resident there to petition for bankruptcy using the local insolvency laws in that country. For many people in Ireland bankruptcy tourism is likely to mean moving to the UK where English bankruptcy laws are much softer and enable a person to completely discharge their debts within 12 months leaving them debt free after a year.

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