Is it true that if you evade your creditors for more than six years they cannot declare you bankrupt in the UK

Answer 1

this sort of question always makes me smile.

creditors would only declare you bankrupt if you had decent assets that could be sold to pay off your debts. If you had decent assets (like a house worth a lot more than the outstanding mortgage) then you could borrow, using them as collateral, and would be able to pay off your debts anyway.

so the chances are you haven't got a decent amount of assets. Hmm lets see, they hound you and you might give them something, they declare you bankrupt and they get nothing. So WHY would they take the 1 action that would guarantee them nothing???

Answer 2

I believe it is seven years for most debts, not tax however.
Many people declare bankruptcy and come back, and even pay off their orginal debts.