overseas bankruptcy search

Foreign Bankruptcy Searches

Worldwide lawyers have conducted international bankruptcy searches for both solicitors and lay clients for many years and have a vast practical knowledge of what is involved.

We can obtain bankruptcy searches in most countries so please feel free to contact us to obtain a no-obligation quote and details of the information we require.

 

Why do you need an overseas bankruptcy search?

The Law Society of England and Wales advises personal representatives to conduct a bankruptcy search against the name of each beneficiary before distributing an estate.

If a personal representative makes a distribution to a bankrupt beneficiary, there is a risk that the beneficiary’s trustee in bankruptcy (or equivalent) will make a claim against the personal representatives on behalf of the bankrupt’s creditors.

Whilst checking the status of a bankrupt person in the UK is relatively straightforward, if beneficiaries lives overseas it will be necessary to conduct an overseas bankruptcy search.

It can be much more complicated to ascertain the bankruptcy status of someone who lives abroad but Worldwide Lawyers have the expertise to help.

 

Whats are the costs of bankruptcy searches abroad? What information is required?

Each jurisdiction has its own rules and has a different way of registering and recording bankruptcies.

Some country’s records are easier to access than others and therefore the prices and processes vary. The process for undertaking a Spanish bankruptcy search is a completely different to undertaking a bankruptcy search in Sweden, for example.

Our prices start from only £45 plus VAT but do vary from country to country. For a fixed quote for your specific bankruptcy search / searches please don’t hesitate to get in touch.

The information required to make foreign bankruptcy searches differs depending on the jurisdiction, however we have provided a table below which sets out some of the information for some of the most frequently requested foreign bankruptcy searches.

 

Country Information Required* Typical Timescale Price
Australia Bankruptcy Searches Name, Date of Birth, Address. 1-2 working days Contact us for a quote
Canada Bankruptcy Searches Name, Date of Birth, Address. 1-2 working days
France Bankruptcy Searches Name, Date of Birth, Address. Up to 10 working days
Italy Bankruptcy Searches Name, Date of Birth, Address, Codice Fiscale 1-2 working days
Ireland Bankruptcy Searches Name, Date of Birth, Address. 1-2 working days
Hong Kong Bankruptcy Searches Name, Date of Birth, Address, Hong Kong Identity Card Number. 1-2 working days
Jamaica Bankruptcy Searches Name, Date of Birth, Address, Tax Registration Number. 3-7 working days
Northern Ireland Bankruptcy Searches Name, Date of Birth, Address. 1-2 working days
New Zealand Bankruptcy Searches Name, Date of Birth, Address. 1-2 working days
Malaysia Bankruptcy Searches Name, Date of Birth, Address. 1-3 working days
Spain Bankruptcy Searches Name, Date of Birth, Address, NIE/NIF number. 1-2 working days
Sweden Bankruptcy Searches Name,Date of Birth, Address, Personal Identity Number 2-4 working days
USA Bankruptcy Searches Name, Date of Birth, Address, Social Security Number. 1-2 working days

* Please note that it may be possible to undertake some searches without all of the information listed, please contact us if you have any queries.

 

How to undertake a bankruptcy search for someone who lives abroad?

Worldwide lawyers regularly conduct international bankruptcy searches in countries across the world. Contact us on 01244 470 339 or email info@worldwidelawyers.co.uk and we will be happy to provide details of the fee and the information we would need to proceed with your foreign bankruptcy search.

Beneficiaries Abroad? Don’t forget to consider how to best deal with currency exchange….

If you are due to distribute funds to beneficiaries living abroad, it is likely that they will receive their inheritance in a foreign currency. Exchanging one currency into another can erode the foreign beneficiary’s share considerably, particularly if you will be transferring it from a bank account (such as a solicitor’s client account or an executor account).

For more information read our article which explains why Probate Lawyers should consider the effects of currency exchange before distributing inheritance funds to overseas beneficiaries or to discuss how we can help you get the best exchange rate and fulfil your obligations to act in the best interests of the estate just get in touch!

Contact us on 01244 470339 or email info@worldwidelawyers.co.uk and our experienced team will be happy to help. 

Author: Sara Janion, overseas legal expert, solicitor and Notary Public