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Effect of Bankruptcy outside Malaysia

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asked on Aug 17, 2015 at 20:02
by   cooler
I wonder anyone could help as I am unable to find answers online through search. I was a student in the UK and was unable to pay back the credit card as my student visa expired. I have no choice but to leave the country and got back to Malaysia. Due to the exchange rate it makes it impossible to pay the UK credit card monthly instalment with Malaysia salary. However, I always wanted to pay back or settle it once and for all but i feel like it will be impossible for me to pay with malaysian salary even now. So I am considering filing bankruptcy in the UK to gain peace of mind. My worry is whether filing Bankruptcy in UK will affect my life in Malaysia like setting up business/directorship or credit card/loan application etc. Please let me know any other implication by going this route will be appreciated as well. Thanks in advance.
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answered on May 25, 2017 at 00:05
by   jeff005
So I am considering filing bankruptcy in the UK to gain peace of mind.
Why worry if you have no intention of going back to U.K.?
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