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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.

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โˆ™ 2006-02-23 14:01:58
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Q: What happens if you leave the country for ten years as an alternative to bankruptcy?
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Related questions

Can you just leave and not file for bankruptcy?


Can a debtor leave the country?

Presumably you mean debtor in 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.

What happens if you have a traffic charge and you leave the country?

they will track you down and take you to court until you pay the traffic ticket

What happens if you leave the country with a pending criminal charge?

they will talk the government then they can find u and send find to this country ... where u did something wrong .. like a crime

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.

Who are people that leave their country of birth to live in another country?

Emigrants leave a country. Immigrants arrive in a country.

Can you leave out credit card debts when filing bankruptcy?

no, all creditors must be listed.

Why did 1900s Czech immigrants leave their country for the US?

why did czech leave there country

What is it called when your forced to leave the country?

When you have to leave a country you are being deported or exiled.

What age can you leave the country with parents permission?

You can leave the country in age 17+

Can ex inmates leave the country?

yes ex inmates can leave the country

Can you leave the country if you have a warrant?

techically you can leave the country, but you would be adding a charge of evation.

How many months do you need on Australian passport to leave the country?

as soon as you have it in your hand you can leave the country.

If you get married on a fiance visa can you leave the country after you get married for a honeymoon?

You need passports to leave the country.

To leave ones country of birth is?

To leave one's country of birth is known as emigration or to emigrate.

Can you use credit cards before filing for bankruptcy?

What, and leave me to pay your bills? Don't be a parasite on society!

What happens when you leave your toothbrush when you leave it on the window sill?

it gets peed on!

Who is forced to leave country?

A person who is extradited is also forced to leave the country, because the police of another country wants him or her to be returned to that country to be tried for a crime. Also, refugees are forced to leave their country by reason of war or other breakdowns of ordinary social functions.

Can you leave the country while having a suspended license?

Yes, you can leave the country if your driving privileges are suspended.

To leave one's country for residence elsewhere?

To leave one's country of residence to another is called to immigrate.

Can you immigrate to another country with bankruptcy filing?

If you're currently in bankruptcy and have not been discharged (i.e. the court is still processing your case, or you are in some kind of a paydown plan prior to discharge) the answer is usually no. In some countries (such as Australia) it's actually illegal to leave the country while your bankruptcy is in process without written permission of the judge (typically only given for compelling and compassionate circumstances - such as a family emergency.)In other places where it isn't technically illegal (such as the United States) it may not be looked upon favorably by the judge and may weaken the rationale of your case ("...if you can afford to travel overseas, then you can probably afford to pay your debts") doubly so if you miss a hearing or filing deadline as a result of your absence. If you absolutely must travel during your bankruptcy, it's best to discuss this court first.If your bankruptcy has been finalized and you've been discharged, then as far as your country of origin is concerned - you're free to leave.Keep in mind that the country you're immigrating or traveling to may or may not take your previous bankruptcy into consideration when applying for a visa. Many countries are less concerned with your financial history and care more about whether you can support yourself going forward, while others may deny a visa solely based on a recent bankruptcy. If you've been through bankruptcy or have debt judgments against you, it's best to seek the advice of a qualified immigration attorney who knows the laws of your destination country.

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).