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Thanks for the awesome replies instead of being flamed and bashed! I really appreciate it!!!!!
Well what did you expect? Those of us who didn't spend too much on credit cards and have been responsible with our finances are left holding the bag of all of you who are trying to run away from money they happily took and spent without a thought as to how they would pay it back.
**Note that I am not talking about people with legitimate reasons for bankruptcy. There are fair reasons to expunge debt this way, but racking up credit card bills and just deciding to run off and leave them is not one of them.
The OP has 2 reasonable options, and one of them isn't to pay back. One is you could file chapter 7 bankruptcy and just get it wiped clean, especially since you said you have no assets and you will be out of the country for a while. The other is lay low for 4 years, ditch your phone and address. This obviously works better in states like texas or pennsylvania since you would be protected from wage garnishment in a worse case but unlikely scenario. There is also california which has the shortest sol on the books only 2 years. If they can't find you they won't be able to do anything. Either way you go your credit will be weak for an amount of time but it is already getting weaker now with late/no payments and high debt/credit ratio so paying back is just dumb at this point. With the money you would use to pay back you could open an ira or invest in stocks for your future. You have to let your money work for you. Even though bankruptcy or laying low is going to damage your credit remember credit is what got you in trouble in the first place and you don't need credit. The most successful people i know don't even have credit cards but they sure as hell have houses and cars paid for and nice retirement accounts and investments. Whatever you do make sure to learn from this so you will be better in the future. Educate yourself on different investment vehicles, and money management so that you can be rich in the future. These things should be tought in every school in america. The banks and gov't. crooks are not your friends. Don't stress out about this above all else use it as a turning point to a better future.
They will just file for a judgement ;renew the judgemant over the eyars and wait for you to come back and buy anyhting. Bascailly i'd stay gone if that is what you are talkign about but remmember that it can efect you in a foreign country too as far as having a judgement on loans etc.So8nds like you would be better off filing abnkrupsy to me before you leave .
Does anyone know if proper service can be made to a mail forwarding service? If someone is outside the country but receiving mail and having it forwarded, would that be considered enough to compel a response regarding assets?
Does anyone know if proper service can be made to a mail forwarding service? If someone is outside the country but receiving mail and having it forwarded, would that be considered enough to compel a response regarding assets?
Depends on the laws of the state where the lawsuit was taking place.
The state is Florida, and the person has no intention of ever living in the US again, or having a bank account there. Do you think it would be best to close the mail forwarding service? Or perhaps send notice to the court that the person lives outside the US?
my wife is 73 and handicapped and had her home damaged in la by hurricane she had to move to ne,,,several years ago she signed a note for her daughter for 10,000,,,daughter didnt pay so wife was sent summons to go to court,,,but home was vacated,,for 2 years ,,now she has judgement against her and they have lien on her home,,,please help with any advice
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Those of us who didn't spend too much on credit cards and have been responsible with our finances are left holding the bag of all of you who are trying to run away from money they happily took and spent without a thought as to how they would pay it back.
