Hello, I would really appreciate some help, given I'm at my wit's end:
I have 10 different student loans, some federal, most private (owned by a variety of banks), managed by 3 different loan servicers. The total of my current loans amounts to $350,000. This is unfortunately not unusual for the type of education path I chose. The guarantors for all these loans are various banks that they chose themselves.
I have both an American citizenship, plus an Eastern European country citizenship.
I have recently returned to my Eastern European country, because of family reasons (I have to take care of my parents). My original plans were to work in the US and repay the loans over 20 years. However, that is now impossible.
I have paid back my loans regularly for a few years now, although I have deferred and had some in forbearance. I cannot even begin to pay back the full amount they calculated I would have to pay in order to pay back my loans sensibly (over $2,500 a month). The average pay here is less than $1000 a month. I don't have a job yet anyway, and my family is far from rich.
Many of my loans are going out of forbearance soon, and I simply cannot pay back my loans anymore. All my loans plans so far have been on the lowest possible monthly repayment plan anyway.
I own nothing in America and I own nothing here and have no savings left.
Therefore, my questions to you are:
1. If I default on my loans do I get sued in America? Can they sue me if I am not there? (I can't even afford the ticket to go there anyway).
2. If they do sue me, do they have to serve me legal papers where I currently reside (Eastern Europe), in order for the lawsuit to be completed?
3. If they do get a judgement against me, can they use that against me in Eastern Europe? If they can, what are the chances that this is worth it for them, given I have nothing for them to take?
4. What is the extent of their power over me and my family outside the US?
5. Can I file for bankruptcy based on my current situation, and if so, do I have to reside in the US in order to be able to do that?
6. If I get a judgement against me in my country can I file for bankruptcy in the Eastern European country then?
Thank you so much, I am obviously desperate and getting all sorts of stress related illnesses...*sigh*

