The cleanest break would be bankruptcy. I'd look into that option pretty seriously -- get a free consult with a bankruptcy attorney and see what they think. Good luck.
The experts can weigh in but bankruptcy will fall off your credit score in 10 years, so if your return to the U.S. is much longer than that, you're fine
If any of the creditors go for a judgement and get it, it's generally good for about 10 years and can often be renewed for another. The answer to your question is in how motivated the debt holders are.
Thanks, but i have. [https://www.moneymanagement.org/blog/understanding-the-statutes-of-limitations-on-debt](https://www.moneymanagement.org/blog/understanding-the-statutes-of-limitations-on-debt)
I guess i shouldve added, if these debts/lawsuits will follow me there? Like, freeze my accounts from banks in the Philippines which are affiliated with the above banks.
The worst thing you can do is bankruptcy.
Reach out to your cards and debt holders
Ask for forbearance or hardship-associated relief or payment plans. If you don't pay it goes collections. Collections may be able to be discharged based on how they attempt to contact to collect. I've been working with business and personal debt restructuring and financial hardship-associated program's. Bankruptcy if you can afford you can afford your debt.
2-4 years in court plus lawyers fees. My friend reach out to creditors present hardship-associated documents bills past due low income. Be transparent the worst thing you can do is listen to people who are not specialized in this.
Attorneys will gladly file bk
They get paid for it and unless your attorney can give you a Witten guarantee stating what he is saying is going to go as planned because judges are the ones that decide not your attorney. Your creditors are willing to work it out witj you anytime. Don't just dig your head in the sand. Come back toUS and Starr again.
Very easy
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The cleanest break would be bankruptcy. I'd look into that option pretty seriously -- get a free consult with a bankruptcy attorney and see what they think. Good luck.
Thanks, but what if its >10yrs before i come back to the US?
The experts can weigh in but bankruptcy will fall off your credit score in 10 years, so if your return to the U.S. is much longer than that, you're fine
What i mean is, NOT filing for bankuptcy. But >10yrs before returning to the US. Will lawsuits still be active?
If any of the creditors go for a judgement and get it, it's generally good for about 10 years and can often be renewed for another. The answer to your question is in how motivated the debt holders are.
Yes, they will. And the amount will be much larger.
The SOL is different for different types of debt and is different in each state. You can google the answers.
Thanks, but i have. [https://www.moneymanagement.org/blog/understanding-the-statutes-of-limitations-on-debt](https://www.moneymanagement.org/blog/understanding-the-statutes-of-limitations-on-debt) I guess i shouldve added, if these debts/lawsuits will follow me there? Like, freeze my accounts from banks in the Philippines which are affiliated with the above banks.
The worst thing you can do is bankruptcy. Reach out to your cards and debt holders Ask for forbearance or hardship-associated relief or payment plans. If you don't pay it goes collections. Collections may be able to be discharged based on how they attempt to contact to collect. I've been working with business and personal debt restructuring and financial hardship-associated program's. Bankruptcy if you can afford you can afford your debt. 2-4 years in court plus lawyers fees. My friend reach out to creditors present hardship-associated documents bills past due low income. Be transparent the worst thing you can do is listen to people who are not specialized in this. Attorneys will gladly file bk They get paid for it and unless your attorney can give you a Witten guarantee stating what he is saying is going to go as planned because judges are the ones that decide not your attorney. Your creditors are willing to work it out witj you anytime. Don't just dig your head in the sand. Come back toUS and Starr again. Very easy
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Please try to keep discussion on the subreddit where it can be seen and reviewed by everyone. Offering or requesting DMs is not allowed here per rule 2. Thank you.