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Foxxymelons
New Member

3 Posts

Posted - 09 July 2021 :  20:05:34  Show Profile  Reply with Quote
Hi guys its been a while since I was last here but i'm after a bit of advice. My husband and I have decided we would like to relocate to NZ as we have family there (2 year timeline). Unfortunately my husband has a lot of debt, which having to take a pay cut because of covid etc we are struggling to live after paying all of his debt each month. would anybody know if he went into a trust deed would this affect him relocating to NZ

Thanks

TDA (Debt Adviser)
Trust Deed Expert



13775 Posts

Posted - 10 July 2021 :  10:46:54  Show Profile  Reply with Quote
Hi Foxxymelons,

I guess there are two main issues to consider here.

Firstly, you can move abroad during a trust deed. Your financial situation would obviously change after the move, but provided a fair contribution was still affordable it need not affect completing the trust deed.

Secondly, countries each have their own immigration processes. Some countries consider the financial status of potential immigrants as part of their process. We can't advise about what the exact rules are for New Zealand (or any other country) but this is certainly something you might want to look into in some detail before making any decisions.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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