Originally Posted by mrypg9
I would think the answer is 'yes'. After all, if I lend you money my sole interest is getting back the full value of the debt, if possible, from whatever assets you may hold.
European Repayment Orders or whatever they're called have made debt collection so much easier throughout the EU.
And rightly so.
I may be wrong but I get the feeling that far too many people have regarded Spain as some kind of banana republic where you can arrive, live beyond your means with the aid of loans you might not be able to repay. or by doing dodgy work on the black...and then when the proverbial hits the fan you just ****** off back to the UK.
'Ten bob millionaires', as someone posting in The Daily Mail described them.
My final comment on that is that I bet many UK expats who have mortgages on their Spanish property believe that, like in the UK, the banks will collect its debt from that property first and only if there is a residual indebtedness after that will they go after other assets