How We Help EU Citizens to Get Debt-free in Just 12 Months

In 2000 the European Court of Justice decided that if someone is declared bankrupt in one member state this must be recognised in other member states as well.

EU law: Bankruptcies in other members states must be recognised

This means that if you are Dutch with debts in Holland and you are declared bankrupt in France, then your Dutch creditors must honour this status and can no longer chase you for their money. Of course this would only work if you lived in France. Otherwise you couldn't be made bankrupt there.

Likewise there are other pitfalls. For example the bankruptcy procedures in both countries must be similar for the rule to apply.

The UK advantage: Get cleared in just 12 months

Now you wonder why on earth it can be interesting to file for bankruptcy in another EU member state? Well, it becomes interesting when the whole process is a lot quicker in one state than another. For example, in Germany it takes seven years until bankrupts are discharged. In contrast: in the UK it takes just 12 months. That's right. You are fully discharged and can make a fresh start after 12 months. All your German debts will have been wiped out.

The most important requirement to be made bankrupt in the UK

To be made bankrupt in the UK you need to have lived here for at least 6 months. Of course you are not allowed to move to the UK just to be made bankrupt. If you did that the court would decide that you don't fall under their jurisdiction.

If you don't live in the UK at the moment you may conisder moving here. Once you live in the UK for at least six months carrying out formal employment, you will be allowed to file for bankruptcy as you will then be considered to be under the jurisdiction of the courts here.

There are a number of other requirements that we are happy to explain in a face-to face meeting.

Interested? Get started now with an initial consultation!

Our service: We help self-employed EU citizens with their UK bankruptcy proceedings

If you are a self-employed EU citizen living in the UK (or thinking about moving here) and considering bankruptcy we can assist you with your bankruptcy proceedings. We offer a full service package that includes consulting and going to the courts with you. You need a sponsor who pays our fees and your salary in the UK. They would set up a Ltd company through us by which you are employed. As mentioned before, you need to be in official employment here, for example a consultancy role. You will also need a proper residency and mailing address to prove that you really live here.

Our 100% success rate speaks for itself

We are delighted with our 100% success rate to date. This means that all the clients we have consulted in this matter have been sucessufully declared bankrupt.

Important Notes

Because of the costs involved this service is only for those who have hundreds of thousands euros or pounds worth of debt.

Clients who want us to assist them with their bankruptcy proceedings will need to have a solicitor to advise them throughout the process. Contact us if you don't have a solicitor and we will be happy to provide you with some contacts.

St Katherine Docks - Our partner for the German market

Together with an expert solicitor in Berlin we offer tailor-made bankruptcy solutions for German nationals. Click here for their website (in German).