Does a foreign bankruptcy order have any effect in England and Wales?
It will depend on in which country the bankruptcy proceedings are brought. As regards assets, it will depend on whe- ther the trustee of the foreign bankruptcy is ‘recognised’ in this country. If the bankruptcy proceedings are in another member state of the European Union (except for Denmark) where you have your centre of main interests, the trustee in those proceedings has the authority to deal with all the assets which you have within the EU (including the UK). As regards bankruptcy restrictions, it will depend on the foreign legislation governing the bankruptcy.
