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You can go bankrupt but you will need to advise the official recieved of your intention to leave the uk

Malta is not really into credit ratings, if you want a credit card you deposit an amount  of money in to an account you can't touch and then they will give you a credit card for that amount!

Ray

Hi Guys,

Thank you for your response.

Do you believe I would have a problem opening a bank account in Malta?

Kind regards,
Chris.

There are banks which will open an account with just proof of a Maltese address and a Passport or eResidence card.  Other banks may ask for references from your UK bank which might make a difference.

Ray

Once you have filed for Bankruptcy in UK, you will have to declare your incomes in Malta. You won't be able to do what you want with your money, there will be someone who administers your assests and incomes, however, you should be allowed to have the necesary income for daily activities, and, after one year, you should be cleared of the rest of the debt.
You can postpone filing for bankruptcy, and than, there is a chance that someone will file a law suit or not (most probably not, since it's costly and painstaking, unless you have assests that can be sold probably they won't open) in Malta in order to recover debt from you, stage at which you can move back in UK and file for bankruptcy than.
There are a few proceedings under the UK law, in which others can declare you bankrupt. If this is the case, you will have to declare your assets and incomes (even in Malta or around the globe), and you will be punished if you don't do it.
In Malta there is a law that referes to bankruptcy, for personal persons, called traders, and cleans you off of your debt. I don't really know too much on the subject, there are some lawyers that I've contacted, but they're preatty expensive, and don't offer a first guidance or advice for free, which is an approach I don't like, and might seem a little bit like scam, I'll check for other options and get back to you if I find , but for the time being I think the best personal bankruptcy in EU is in the UK.