Britain Becoming ‘Bankruptcy Tourism’ Hotspot

Cash-strapped Europeans are travelling to Britain to go bankrupt – then returning home debt-free. “Bankruptcy tourism” is becoming so popular that a company is now helping insolvent Europeans to travel and live temporarily in the UK. Lenient laws mean that foreigners can live in Britain, file for bankruptcy and leave with the slate wiped clean after [more...]

Date: 2009-09-27 15:44:02

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