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I have been trying to clear a huge debt for over 10 years but it has been impossible. i have to finally admit that i´ve not been great at making financial decisions though i have n´t been reckless and the advice from my bank has frankly not helped. my bank consolidated my credit card debt sometime ago with a loan, which they said i had to have covered by insurance. they then gave me another credit card with the loan. subsequently they gave me a 4,000 gbp overdraft and then an unsecured loan of 37kgbp. i also have two credit cards. i even worked abroad to try and make more money in the banking sector to try and pay off the debt but then lost that job. i have since moved to spain where i am earning hardly anything but i am happy. i don´t want to move back to england and i can´t pay my debts. can i file for bankruptcy in the uk if i am working and living in spain? i don´t want to start off life here with a bad credit history but am willing to accept that it will be bad in the uk. i have no assets or pension.

Whilst you probably should take legal advice what have you to lose? i cannot believe that spain would ever know! bankruptcy - as i am sure you know - means that you honestly list all your assets and liabilites - and an administrator/trustee sets one against the other and pays your creditors something.but unless you own a house or other large asset in practice little happens. one thing though to be acreful of is that you will not be treated sympathetically if you have disposed of assets before you petition!best of luck!