Are all tax issues being taken care of on this? I ask because this...He has a house which is rented out and so the mortgage is taken care of, which is the only positive.
... makes me wonder if he is claiming this to be his PPR when it's not.If a debt collector/other were to call to his house, they would only find his tennants, so what happens after that?
Unlikely since this is basically a civil issue. But that does not minimise the seriousness of the issues.Will there be a 'special' escort waiting at the airport for him on his eventual return?
any Judge will give him short shrift and IMO wouldn't think twice about locking him up for a couple of days to teach him a lesson.
Nobody goes to jail for being in debt. They could go to jail for contempt of court though. I presume it's a pretty rare occurrence though?You’ll never see the most indebted person going to jail once they have made some effort but someone clearly having a laugh gets no sympathy.
This is surely incorrect. He can only be jailed for contempt of court (e.g. not turning up, ignoring a judgement/repayment order etc.) but not just for having debts or to "teach him a lesson"?!
Nobody goes to jail for being in debt. They could go to jail for contempt of court though. I presume it's a pretty rare occurrence though?
He hasn't paid any installments on loans etc and has basically ignored the debt since he went away.
If they go to court, the interest is fixed at 8% by the court. The huge interest rates on CCs are suspended once it becomes a judgement debt.Does the guy intend to repay the debt at any stage ? It seems to me that if he has assets in the country he can kiss goodbye to them, is that not true ? The credit card bill can easily double itself in a short space of time given the high interest rates involved.
He has a house which is rented out and so the mortgage is taken care of, which is the only positive.
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