UK Bankruptcy, now in the USA

[madhavan]

Take a look at this site:

http://forums.moneysavingexpert.com/...lay.html?f=136

Basically, if you become BR in the UK then any earnings will have to be reported to the UK Official receiver until you are discharged. That means any foreign earnings.

You can file BR from US but you have to have been resident in the UK in the last 3 (I think) years.

Basically, US and UK bankruptcy have no connection. If you are going BR in the UK then it is not subject to any of the rules of US BR.

If have lots of links to websites if you want to PM me. I haven't been BR myself but one of my BF's in the UK has just gone through the process.
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[insarpsleessy]

Isn't it Chapter 11 bankruptcy that they will be opting for? The American airline companies did that a few years ago, now they're doing alright.

GM is also trying to sell off some of it's assets in Europe, which have been doing alright but not great.