Bankruptcy and student loans of people living overseas
Paul Krizek made this Official Information request to Ministry of Business, Innovation & Employment
The request was successful.
From: Paul Krizek
Dear Ministry of Business, Innovation & Employment,
Since 2013 have there been any cases of the Insolvency and Trustee Services seizing property and assets located abroad from those New Zealanders who went bankrupt. Of special interest is those New Zealanders who went bankrupt for the sole purpose of wiping their outstanding student loan obligations to the Inland Revenue Department.
Please provide the number of cases where the IRD was the sole debtor in bankruptcy cases where overseas assets and properties were seized and in which country the assets were seized. I am interested to see how this has changed over the last five years.
Could you also provide the legal mechanism or process for other sovereign governments to cooperate with the relevant New Zealand ministries involved in recouping this student debt. I.e. How does the relevant government ministry go about getting a bankrupt debtor to pay their debts when bankrupt in New Zealand but living abroad?
Yours faithfully,
Paul Krizek
From: Ministerial Services
Ministry of Business, Innovation & Employment
DOIA 1718-1763
Dear Paul,
On behalf of the Ministry of Business, Innovation and Employment I
acknowledge your email of 8/06/2018 requesting under the Official
Information Act 1982 (the Act), the following:
Since 2013 have there been any cases of the Insolvency and Trustee
Services seizing property and assets located abroad from those New
Zealanders who went bankrupt. Of special interest is those New Zealanders
who went bankrupt for the sole purpose of wiping their outstanding student
loan obligations to the Inland Revenue Department.
Please provide the number of cases where the IRD was the sole debtor in
bankruptcy cases where overseas assets and properties were seized and in
which country the assets were seized. I am interested to see how this has
changed over the last five years.
Could you also provide the legal mechanism or process for other sovereign
governments to cooperate with the relevant New Zealand ministries involved
in recouping this student debt. I.e. How does the relevant government
ministry go about getting a bankrupt debtor to pay their debts when
bankrupt in New Zealand but living abroad?
Your request is being processed in accordance with the Act and a response
will be sent to you in due course. If you have any enquiries regarding
your request feel free to contact us via email [1][MBIE request email] or
using the contact details below.
Yours sincerely,
Alan Witcombe
MANAGER, MINISTERIAL SERVICES
Corporate, Governance and Information
Ministry of Business, Innovation and Employment
Level 4, 15 Stout Street, PO Box 1473, Wellington 6140
[2]cid:image004.jpg@01D10666.447C6950
[3]www.govt.nz - your guide to finding and using New Zealand government
services
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From: Russell Fildes
[1]www.govt.nz - your guide to finding and using New Zealand government
services
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Michael Rescue left an annotation ()
You didn't answer the question, the requester asked specifically how many bankrupts had lost property overseas when their sole debt was student loan. You simply answered how many total individuals lost property amongst all bankrupts and then answered the other part of the question separately
You didn't state how many of the individuals where their sole debt was a student loan lost property.
Intentionally deceitful.
Please answer the question..
Link to this