Real Estate /
Foreign investor, properties in Poland, walk away from mortgages? [209]
First things first
You cant go Bankrupt in Poland....Your COMI (Centre of Main Interest) is the UK and so you would have to declare Bankruptcy in the UK.
Bankruptcy covers you EU wide....
Trust me fella.....If you really have to go Bankrupt then the UK is where you want to go Bankrupt.
Of all the countries to go Bankrupt in the UK is the best. Bankruptcy in the UK is seen as a chance at offering someone a chance at a normal life. Elsewhere in the world you are viewed as vermin.
As a result of "Bankruptcy Tourism" there were certain regulations put in place.
Example: There were record numbers of Germans going to the UK and going Bankrupt, then going home to Germany with all their debts wiped out.
I do have some sympathy......I don't think anyone expected the Swiss Franc to rise like it has.....I'm on the other end and am actually enjoying the fact the CFH is rising.