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  1. #1
    Join Date
    Jun 2008
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    10

    Default Expat Bankruptcy

    My question involves bankruptcy in the state of: New Jersey?

    Some 20 years ago a friend was a resident of New Jersey and has been living overseas for 20 years. He is wondering how to file bankruptcy as he is no longer a resident of any state. He has a credit card with 20,000 balance and no current income.

  2. #2
    Join Date
    Sep 2005
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    98,846

    Default Re: Expat Bankruptcy

    He would have to investigate the bankruptcy laws of the nation where he presently lives.

  3. #3
    Join Date
    Jun 2008
    Posts
    10

    Default Re: Expat Bankruptcy

    That would make things even more interesting.

    I would guess it is a US matter due to the following:

    In Thailand, his Expat status is really not much more than that of a tourist, even though he has been there very long.
    The debt is with a US credit card issuer
    Files US Taxes

    Where would the US bank have to file to collect this debt if he stopped paying?

  4. #4
    Join Date
    Jun 2008
    Posts
    10

    Default Re: Expat Bankruptcy

    Any info out there .... seems not

  5. #5
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Expat Bankruptcy

    Wherever they find him and can convince a court that it has jurisdiction.

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