Wrongful decision of a German civil court ordered me to pay € 80 tsd.
I am from Germany and planning to file for bankruptcy in the UK soon. Is it for this matter a big deal to be (the only) owner and officer of a small private limited liability company in Germany with no assets or would it be more wise to sell off or liquidate this thing here in Germany before filing for bankruptcy?
I would appreciate your answer!
In reading what you have stated I have a few questions.
You stated you are filing for bankruptcy in the UK soon, are you living in the UK? Do you have the majority of your interests in the UK? This means living, banking, paying taxes, etc, and if you are living here in the UK, how long have you lived here?
I just need to clarify a few things as it is not just as easy as coming from Germany and going bankrupt in the UK. Yes, you can include EU debt in a UK bankruptcy, but you must be residing here, meet the residency requirements and have a centre of common interest here in the UK; again meaning working, banking, paying taxes, etc.
If you meet all the criteria for this, then yes, you can go bankrupt in the UK and include EU debt. But not all debts can be included, and some court fines, or court ordered payments, cannot be included in bankruptcy.
Do you have other debts as well?
Do you own any property anywhere in the world or have any other assets?
In a UK bankruptcy you can be self-employed, but you cannot be the Director of a LTD company.
Get back to me and we can look further into this.
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