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Presumably you mean debtor in bankruptcy....as most everyone is a debtor of some type!
Sure.
Of course it would probably be illegal to flee the country to avoid the responsibilities....
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∙ 16y ago
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What is the word that means person or country that owes money?
The general term is debtor, as in debtor nation.
Person or country that owes money?
Debtor.
Is Sweden a debtor nation?
Sweden is a Donor Country, not Debter.
If you do not pay your credit card balance and leave the country can they sue you in the country you moved to?
No they can't.Civil action such as lawsuits for debts are only possible in the country in which the debt was incurred.However, if the debts with a lending institutions/bank which also do business within the country they now live, they will have a very difficult time establishing a new lince of credit.Also, the debtor can still be sued in the country in which the debt was made and the creditor can "hold" the judgment award for the length of time allowed under the law, or execute it against property that may still belong to the absentee debtor.
Do you leave Tampa Florida plates and registration papers on a car that will be repossessed?
Fl law says plates remain with the debtor so, inventory them with PP and wait on the debtor to come get them.
If a non-citizen is leaving the US and charges 7000 to Visa card and 500 to JCPenney card will there be any crimial consequences if he returns to US after 7 years?
If the non-citizen did not pay back the charges made on the Visa and JCPenney cards before leaving the U.S., there could potentially be legal consequences upon their return. This could include civil action to collect the debt, or if deemed intentional fraud, potential criminal charges. It's advisable to consult with a legal professional to understand the specific implications in this scenario.
What happens if you leave the country for ten years as an alternative to bankruptcy?
Well, you'd still be held liable for any debts you have incurred, and almost any company can track you to another country, where they'd still attempt to collect. The SOL's may not apply to debts deliberately incurred and then defaulted on in such a manner. Entries will be expunged from the debtor's credit report. Likewise, there will be no record of current credit history so and it may prove difficult to restablish a good credit rating under such circumstances. The laws of the U.S. concerning debtor's do not apply outside of the country. However, bank accounts or other property belonging to the absentee debtor can be seized by a judgment creditor.
Can creditors get assets of a debtor in a non-extradition country?
There is no such thing as extradition for a civil/tort case.
Is it legal for a debt collector to come to your home?
Yes, as long as he or she does not commit a 'breach of peace' as determined by the laws of the state and/or municipality where the debtor resides. The debtor does not legally have to engage the collector and can request that the collector leave the property and not return.
What age can you leave the country with parents permission?
You can leave the country in age 17+
If the debtor still owes the bank money on a car loan is there really anything the bank can do if the debtor has left the country for good?
You pose a lot of "IFs" that will be VERIFIED by the lender. "For good" is a looooong time.
If you owe more than two payday loans in Colorado but you leave the state what kind of legal action can be taken against you in Texas?
The debtor can still be sued by the lender. A lawsuit would need to be implemented by an attorney licensed to practice in the debtor's current state of residence and usually in the state court in the county where the debtor resides.
