answersLogoWhite

0

You'll probably have to file bankruptcy. >_> In the USA, legally, nothing can happen to you. You can't be arrested and thrown in jail, or anything of that nature. Debtor's prisons are not allowed in this country.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What happens if you cannot pay off your credit card debt in the state of Texas?

You'll be in prison.


What happens when you pay off an auto loan?

the bank cant come and steal it. but the insurance company can if you dont pay that


After a car is repossessed what happens to the owner of the car does he have to pay it off or what happens?

The former owner of the car, now still owner of the DEBT, gets to pay the debt. The leinholder will likely get a judgment for the balance due and proceed to collect. Uless your name is 'turnip", you will pay.


Can a family member buy the house that is in a reverse mortgage?

Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage


How can you keep a collection agency from taking your car?

Pay off your debt.Pay off your debt.Pay off your debt.Pay off your debt.


What if i cant pay my catalog debt?

ring them up and explain.


(The Metamorphosis) Gregor works so hard in order to?

Pay off his father's debt


What happens if you pay off the principal before interest?

If you pay off the principal before the interest, you will end up paying less in total interest over the life of the loan. This can help you save money and pay off the debt faster.


Is it better to settle a credit card debt or pay it off?

Pay it off


What is a sum paid toward a balance?

That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.


What happens when a country cannot pay off a debt?

they have practically for ever to pay off a debt. if you new the us's debt (which I don't) you would know that for a fact. that or the ruler of the country that is owed money has a very small amount of patience and a short temper and declares war ( which has probably happened only once if at all) .


Can you use your Stafford student loan to pay off debt?

No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.