debts abroad

Hi Guest,
Welcome to the forums.

I read your question. You want to leave the country without paying all your debts. The fact is that if you want to shift to any other country permanently like the UK, which is in a different continent, then you do not have to pay for the debts, which you have incurred in U.S. However, if you shift to Canada then U.S. laws and debts can easily be validated in Canada.

However, not paying off the debts is not a good sign. Please try to clear off the debts as much as possible.

Hope this information will be useful to you
Peter

Hi guest

Welcome to the forums. It will be a positive move if you pay off your debts before leaving the country because some agencies have a wide network to recover the debt.

It is possible that a debt can be collected by a company outside the country because some debt collection agencies have wide network which is willing and able to collect debts in other countries. They have made the arrangements with other agencies or because they have branches operating in those countries.

So, please avoid not to leave your dues behind and get harassed in another country.

Regards
Roxette

any idea if canada has debt relations with australia?

I have defaulted on my bank loan and c/card debt ($30,000 total) in australia - had to come home unexpected due to personal tragedy - i am not working yet. I wish to remain in Canada...
I am scared as i have never been in debt before and i cant think about anything else - i feel sick...so far nobody has contacted me - its been 9mnths. But i really would like to pay off once i can get back on my feet - so i hope they wont take me to court. What is the best options? Can i apply for bankrupsy from overseas? I am ashamed to let anyone in my family know this has happened and have kept it a secret...i feel lost.

Hi Guest

Welcome to the forums. Please do not feel sad over what has happened in the personal front and think positive.

Quote:

Thank you so much for your reply...

i will try to find work and get myself back on track. Then i plan to contact the bank in Aus and work out a payment plan.

I feel a massive load of my chest as i feel so unhappy about some of the decisions i made without prior knowledge of having to return.

i wish things worked out differently - but honestly want to do the right thing.

Your info is greatly appreciated. Thank you again!!!

Hi Guest

Welcome back. It is a nice feeling that you are having optimistic thoughts. Being human, we all make mistakes sometimes but we should always prevent them from happening further.

Please join the forums to interact with the community members

Regards
Roxette

I left the Usa due to a divorce and I obtained a lot of debt.I live in Canada now.I have no means to pay those debts in the Usa.I have around 60000.00 us in all.I have been in default almost 6 months.What can I do I am also a Canadian citizen.

Angelo

There is a close relation between the FCRA laws of USA and Canada. Your debt accounts will appear in one of the credit bureaus and hurt your credit standing in Canada. Since you have defaulted in your accounts recently, it is well within the SOL period. In such a case, paying them off will be only a good option. Tall to your credit companies and see if you can get a payment plan finalized.

I left Australia 8 months ago. I left a large debt with my bank for a personal loan and credit card.
I have a good good credit and have worked since I was 17 and paid off all my previous loans. Unfortunately, the plan was that I would travel to the US to live with my husband. He would be working and assist paying off my loans until I finished my greencard processing and I find a job. Unfortunately, this did not happen. I continued paying off my loan up until I ran out of money. Its been about 4 months since my last payment and now they are chasing me. I have explained my position with them at least 3 or 4 times and one has told me that they cant pursue the debt internationally and another said that they can....who's right?? I have asked my mother to make the last two payments for me. It will probably be another 1 or 2 months before I am allowed to start looking for work. Do you have any suggestions on how I can manage this. I know this will be paid, but its just a case of when and I know these guy's will start loosing they're patients soon. Im loosing sleep and exausting my options. Any advice is greatly appreciated!!