I started another thread called Negative Equity - a narrow window to act? which was to examine if Ireland's 50c in the euro bankruptcy was an option now for people with substantial negative equity who were struggling to pay. If negative equity gets worse then the 50c in the euro discharge might not be an option - therefore the "narrow window ?". That thread is here.
During the course of the discussions the UK was mentioned by a few commentators as a place which seems to have less draconian rules on bankruptcy than the State. This article from a UK finance website might give you an idea of what it's about but the headline that grabbed many people's attention was a possible discharge in 12 months.
UK could face wave of bankruptcy tourism | This is Money
Has anyone any experience of travelling to the UK for bankruptcy, or know people who have? What do you think of us lining the pockets of the British legal profession for something which our own government won't reform here? Do you think people going abroad for bankruptcies is unpatriotic? And will their actions just hurt all in society in the end? Would it work?
As with the other thread, it's worth saying that bankruptcy is a serious business whereever it's initiated and people who might be struggling with debt might also be vulnerable and at their wits-end. Before doing anything I think it would be good advice to GET INDEPENDENT QUALIFIED ADVICE (be cautious with any organisations that either charge money or have debt restructuring products, they're in business for profit).
There are many sources of advice and information on bankruptcy in the UK. Many are private organisations that mightn't be the best place to start because they may mostly be interested in making a profit from you. The UK government website might be a good place to start and they have a lot of information on UK bankruptcy at
There are also links on the UK government website for free legal advice. If a website has .gov.uk at the end it is a government website. quangos use the .org.uk or .org suffixes but be careful - so do private companies.