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What happens if you leave the country for ten years as an alternative to bankruptcy?
Wiki User
∙ 18y ago
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.
Wiki User
∙ 18y ago
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Can you just leave and not file for bankruptcy?
NO
Can a debtor leave the country?
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....
If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?
The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.
Does bankruptcy cover all debt?
Yes, bankruptcy does cover all debts. If you declare bankruptcy, the other guy doesn't get paid, and you leave laughing.
Would filing chapter 7 bankruptcy clear foreclosure from your credit report?
No, in fact it will leave a Bankruptcy record on your credit report for 10 years.
What does you leave self an out mean?
The actual quote is "leave yourself an out". Which means that an alternative plan or options will be left available in order to allow for an alternative choice in contrast to the plan decided on.
Can you leave out credit card debts when filing bankruptcy?
no, all creditors must be listed.
What age can you leave the country with parents permission?
You can leave the country in age 17+
What is it called when people leave the country?
When people leave their country to live in another country, it is called emigration.
What happens if you leave the country on a bond in Illinois?
You become a fugitive, and fall under the jurisdiction of the US Marshall service (within the US) and the FBI (elsewhere).
What happens when you file bankruptcy with no income?
In Australia they check out what you own and sell of your house and some of your possessions they let you keep your car tools if you have any and furniture. after that they leave you alone. Keep your nose clean for a few years and you can start all over again.
What happens if you do not pay your credit card and leave the country?
The statute of limitations is tolled (stops running) until you return to the US, when they may still be able to sue you.
