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  1. #1
    Join Date
    Aug 2009
    Posts
    2

    Default Moving Abroad with Unpaid Debts

    Hello

    I have US credit card debt, i will be moving abroad to Canada, if i am unable to pay this amount and discontinue payment, what can they do? Will they garnish my wages in canada? would bankruptcy be a better route to go?

    I have student loan debt which i plan on paying but with all the currency costs i dont think i can pay both.

    Please advise

    thank you

  2. #2
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Moving Abroad

    You didn't furnish the name of your state.

    Some credit card issuers (ie banks) do pursue payment in Canada & others do not. However; even if they don't, in some states the SOL is tolled while you are gone out of the country. If you return to the US, they may again resume collection of the debt.

    Regarding bankruptcy - since we don't know your complete financial situation (amt. of debt, income/assets, etc.), you will need to discuss that possibility with a bk attorney. (Student loan debt will not be discharged in bk.)

  3. #3
    Join Date
    Aug 2009
    Posts
    2

    Default Re: Moving Abroad

    Quote Quoting Betty3
    View Post
    You didn't furnish the name of your state.

    Some credit card issuers (ie banks) do pursue payment in Canada & others do not. However; even if they don't, in some states the SOL is tolled while you are gone out of the country. If you return to the US, they may again resume collection of the debt.

    Regarding bankruptcy - since we don't know your complete financial situation (amt. of debt, income/assets, etc.), you will need to discuss that possibility with a bk attorney. (Student loan debt will not be discharged in bk.)
    Current State is VA. I do know that bk wont discharge my student loan debt

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