I'm living in uk and no plans to return anytime soon.
I have been forced to sell properties. Trying to arrange a deal on residual debt.
I don't have much cash.
What would happen if I simply ignored any communication from the bank ?
Presumably the worst they can do is make me bankrupt. But, in practice how would they actually do that ? (If they even would bother that is)
They have my name obviously as well as my current rental address in uk. (which I am moving from soon)
But how do they actually make me bankrupt? They give my name to some office in the uk? They then try to track me down based on that? Or what happens exactly ?
Basically I'm querying as to whether in practice the bank could actually make me bankrupt even if they wanted to ?
I have been forced to sell properties. Trying to arrange a deal on residual debt.
I don't have much cash.
What would happen if I simply ignored any communication from the bank ?
Presumably the worst they can do is make me bankrupt. But, in practice how would they actually do that ? (If they even would bother that is)
They have my name obviously as well as my current rental address in uk. (which I am moving from soon)
But how do they actually make me bankrupt? They give my name to some office in the uk? They then try to track me down based on that? Or what happens exactly ?
Basically I'm querying as to whether in practice the bank could actually make me bankrupt even if they wanted to ?
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