0
Can you go to jail if leaving old debt behind in another country?
Wiki User
∙ 13y ago
yes so dont do it
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
If someone moves to another country leaving behind a great deal of debt is it possible for that person to be deported?
Yes. * No, owing debts has no bearing on the deportation process.
What does leaving the country in the black mean ex how Andrew Jackson relieved national debt and left your country in the black?
Leaving the country in the black means that there was no national debt, but a surplus.
If you have debt in collections or a judgment will that create a legal problem for leaving the country?
No.
Is the economy in a mess?
Completely, we are completely in debt to china and our government continues to send our tax dollars to things that can be dealt with after our debt is paid off. All the debt that we leave behind will be left to our children, leaving them no future.
If you are leaving the country will your credit card debt follow you?
Credit card debt is unsecured loan and it charges higher interest because of the risk people not paying their loan. If you decide to leave the country, then they probably will sell your debt to an collection agency either in your original country or to your new country, but then, the only ( THE ONLY ) thing they can do is just sending you letters asking you to pay for the debt Nothing else.
What occurs when one country buys more from another country than it sell to that country?
Then the original country is in the debt of the other country.
You are a resident of California and you accumulated over 50K in credit card debt and you are considering leaving the country for Canada is the debt going to follow us or find us in Canada?
Debt has no borders, so your debt will follow you around the world. Moving to Canada will make no difference.
If you have old debt from another country and a collection agency in the US is trying to collect can they report the debt on your US credit report?
It is possible.
What is a debt -for nature swap?
Debt for nature swap is a transaction in foreign exchange which debt owed by a developing country is transferred to another organization. This swap in done in money.
What happens if you take a loan for 10000 in the UK and then leave for the USA?
A logical guess would be, the person can be held criminally and civily liable for the debt under British law. Entering into a financial contract w/o having intent to repay is a serious offense regardless of the country. It would not be likely the person would be pursued for legal action while in another country's jurisdiction. However, if any property was left behind it can be attached and sold to repay the debt. The person might be charged and taken into custody if they return to the country where the debt is owed. Another factor could be if the debt was incurred at a financial institution that is based or has affiliates in the U.S.
Causes of external debt?
Debt is often a nasty four letter word for the people that are facing it. The causes of external debt can include war, rebuilding efforts, and any other reason that a country would need to borrow money from another country.
How did the US incur millions of dollars in debt?
There are 3 types of debt a government can occur (Export Debt), (Import Debt) and (Social Debt). Export Debt (money owed to the government from Another Country that isn't paying) Import Debt (money owed to another country by the government) Social Debt: This is what I am assuming you are referring (the deficit). The deficit is money borrowed on "future" income from collectible taxes and fees from the governments citizens. They borrow against it (like a credit card). Its money owed to themselves. Its not a true debt in the conventional sense. However if left upaid then the government can't honour future benefits to its citizens and the country would collapse (like Greece and Spain).
