I've been reading this thread with interest as I find myself in exactly the situation described by WWW.
I have c. £80,000 debt, unsecured, from flight training.
I have no significant assets.
The bank are being reasonable and have deferred loan repayments for a year so far, but that doesn't alter the fact that the debt is essentially impossible to repay.
I've done a fair bit of research, and will be getting professional advice, but if anyone can answer a couple of aviation-specific questions regarding bankruptcy I'd be grateful.
- Can I be asked if I am / have been bankrupt in an interview?
- Could it affect my ability to get a flying job as a contract pilot?
- Can it affect my ability to work in the US in the future? I have heard that it may, and that it might be a problem if one day I ended up possibly operating into the US.
- Are there any other aviation-related consequences that a standard debt adviser wouldn't be aware of?
Cheers for any help...