what happens if you flee the country to avoid debt

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Anonymous User
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what happens if you flee the country to avoid debt

Postby Anonymous User » Thu Nov 26, 2009 1:32 pm

I'm not having any luck finding a job. I know people have joked on here about fleeing to Jamaica to sell surfboards, etc, but what actually happens when you leave? How does your debt affect you in your new country? Will foreign employers know? How likely is debtor's prison? Any other insights?

lewis louis
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Re: what happens if you flee the country to avoid debt

Postby lewis louis » Thu Nov 26, 2009 1:35 pm

I didn't know Roman Polanski posted on TLS! Really though? Of course that credit will follow you. They have internet and phones in Jamaica too. Debtor's prison? well if you go to a country with no extradition with USA, you should be fine, but they better not catch that ass going to countries that do to accept lifetime acheivement awards.

Anonymous User
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Re: what happens if you flee the country to avoid debt

Postby Anonymous User » Thu Nov 26, 2009 1:40 pm

.
Last edited by Anonymous User on Thu Nov 26, 2009 1:47 pm, edited 1 time in total.

06072010
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Re: what happens if you flee the country to avoid debt

Postby 06072010 » Thu Nov 26, 2009 1:44 pm

OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

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biggamejames
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Re: what happens if you flee the country to avoid debt

Postby biggamejames » Thu Nov 26, 2009 1:48 pm

lewis louis wrote:I didn't know Roman Polanski posted on TLS! Really though? Of course that credit will follow you. They have internet and phones in Jamaica too. Debtor's prison? well if you go to a country with no extradition with USA, you should be fine, but they better not catch that ass going to countries that do to accept lifetime acheivement awards.

Extradition? Dude, you can't be extradited for debt - it's not a crime, and no one will put you in jail for it. Extradition is irrelevant here.

As fair as the bad credit following you, it depends on the country. You need to do your own research on this one, but there are many countries that have credit systems that do not communicate with the wider international system, and many countries that do not have credit systems at all.

The main danger of leaving the U.S. to escape your debt is the risk that your creditors will try to sue you in country to recover their debt. For this reason, you've got to either 1) make sure your creditors do not know where you are, or 2) make sure your the country in which you live is unlikely to recognize your creditors' claims. Again, this is an issue that calls for your own research.

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biggamejames
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Re: what happens if you flee the country to avoid debt

Postby biggamejames » Thu Nov 26, 2009 1:49 pm

PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

That's right, OP. Now:
Image

06072010
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Re: what happens if you flee the country to avoid debt

Postby 06072010 » Thu Nov 26, 2009 1:53 pm

Not going to lie, I'm seriously considering creating a new account: Thulsa Doom -- his only posts will be that picture after I ban people.

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biggamejames
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Re: what happens if you flee the country to avoid debt

Postby biggamejames » Thu Nov 26, 2009 2:00 pm

PKSebben wrote:Not going to lie, I'm seriously considering creating a new account: Thulsa Doom -- his only posts will be that picture after I ban people.

Please do it. I like the idea of PK having a sorcerous alter-ego.

Anonymous User
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Re: what happens if you flee the country to avoid debt

Postby Anonymous User » Thu Nov 26, 2009 2:10 pm

I should not condone this, however.

File for bankruptcy. Leave the country. Come back in eight years.

You can do this, and I have a friend or two waitressing in Brazil for the next five or six years to dodge college debt. But keep in mind, you can't come back, not for eight years after your bankruptcy or you'll have NO credit.

I do not advise this.

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biggamejames
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Re: what happens if you flee the country to avoid debt

Postby biggamejames » Thu Nov 26, 2009 2:17 pm

Anonymous User wrote:I should not condone this, however.

File for bankruptcy. Leave the country. Come back in eight years.

You can do this, and I have a friend or two waitressing in Brazil for the next five or six years to dodge college debt. But keep in mind, you can't come back, not for eight years after your bankruptcy or you'll have NO credit.

I do not advise this.

Student loan debt follows you through bankruptcy in most cases.

Anonymous Loser
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Re: what happens if you flee the country to avoid debt

Postby Anonymous Loser » Thu Nov 26, 2009 2:59 pm

PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

:roll:

If "I'm considering fleeing the country to escape my education debt" isn't something that is deserving of a little discretion, then what is?

06072010
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Re: what happens if you flee the country to avoid debt

Postby 06072010 » Thu Nov 26, 2009 3:04 pm

Anonymous Loser wrote:
PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

:roll:

If "I'm considering fleeing the country to escape my education debt" isn't something that is deserving of a little discretion, then what is?


That's what your moniker is for. Like what you did.

avacado111
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Re: what happens if you flee the country to avoid debt

Postby avacado111 » Thu Nov 26, 2009 3:22 pm

well couldn't you use a credit card to pay your debts? that way they are cleared, and then file bankruptcy?

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Nom Sawyer
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Re: what happens if you flee the country to avoid debt

Postby Nom Sawyer » Thu Nov 26, 2009 3:25 pm

avacado111 wrote:well couldn't you use a credit card to pay your debts? that way they are cleared, and then file bankruptcy?


Sign me up for one of these $100,000 credit limit cards for the indebted and unemployed!!

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Kohinoor
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Re: what happens if you flee the country to avoid debt

Postby Kohinoor » Thu Nov 26, 2009 3:30 pm

avacado111 wrote:well couldn't you use a credit card to pay your debts? that way they are cleared, and then file bankruptcy?

If your debts were low enough to pay off with even four or five credit cards, that wouldn't merit leaving the country.

If the credit card company is losing real money and what you did was blatant, you'll get adversary proceeding pwned, be bankrupt, and still owe the credit card company the money.

JD'izzle
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Re: what happens if you flee the country to avoid debt

Postby JD'izzle » Thu Nov 26, 2009 6:23 pm

Growing up, we had this family friend who maxed out all his credit cards, took out a second mortgage, and then fled to France back to the village he was born in. The American companies can't really do anything to my knowledge, although they did seize all his assets that he left in the US

APimpNamedSlickback
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Re: what happens if you flee the country to avoid debt

Postby APimpNamedSlickback » Thu Nov 26, 2009 6:33 pm

wtf it is these kinds of threads that make me actively reconsider law school.

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Georgiana
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Re: what happens if you flee the country to avoid debt

Postby Georgiana » Thu Nov 26, 2009 6:35 pm

biggamejames wrote:
PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

That's right, OP. Now:
Image

I feel this picture is getting a lot of use from you lately... its Thanksgiving! Shouldn't be thinking about woe! :)

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Vendetta
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Re: what happens if you flee the country to avoid debt

Postby Vendetta » Thu Nov 26, 2009 6:46 pm

JD'izzle wrote:Growing up, we had this family friend who maxed out all his credit cards, took out a second mortgage, and then fled to France back to the village he was born in. The American companies can't really do anything to my knowledge, although they did seize all his assets that he left in the US


Nowadays, France probably won't cut it, and neither will Jamaica. They'll find you there if they really want to. I wouldn't go to any country with strong ties to the US. China would probably never notice you among their billions. Or you could try an obscure state like Bahrain or Qatar, if you can get a Visa.

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biggamejames
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Re: what happens if you flee the country to avoid debt

Postby biggamejames » Thu Nov 26, 2009 6:57 pm

Georgiana wrote:
biggamejames wrote:
PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

That's right, OP. Now:
Image

I feel this picture is getting a lot of use from you lately... its Thanksgiving! Shouldn't be thinking about woe! :)

Hahah. It's because I watched Conan yesterday.

You going to the 2L thanksgiving thing in CC at 7?

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Georgiana
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Re: what happens if you flee the country to avoid debt

Postby Georgiana » Thu Nov 26, 2009 7:11 pm

biggamejames wrote:
Georgiana wrote:
biggamejames wrote:
PKSebben wrote:OP, you are abusing the anonymous feature. Stop, or you are getting the boot.

That's right, OP. Now:
Image

I feel this picture is getting a lot of use from you lately... its Thanksgiving! Shouldn't be thinking about woe! :)

Hahah. It's because I watched Conan yesterday.

You going to the 2L thanksgiving thing in CC at 7?

No I will *hopefully* be working on my outline :-/

ughOSU
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Re: what happens if you flee the country to avoid debt

Postby ughOSU » Thu Nov 26, 2009 8:52 pm

Anonymous User wrote:I'm not having any luck finding a job. I know people have joked on here about fleeing to Jamaica to sell surfboards, etc, but what actually happens when you leave? How does your debt affect you in your new country? Will foreign employers know? How likely is debtor's prison? Any other insights?

One of my neighbors actually did this. You should convert to Judaism, flee to Israel, and volunteer for the army. They don't turn in their own. Things seem to be working out okay for him.

linquest
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Re: what happens if you flee the country to avoid debt

Postby linquest » Fri Nov 27, 2009 2:05 am

Found these interesting articles:
Can you go to jail for not paying your debts?
--LinkRemoved--
Will debt follow you abroad?
--LinkRemoved--

lewis louis
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Re: what happens if you flee the country to avoid debt

Postby lewis louis » Fri Nov 27, 2009 3:24 am

biggamejames wrote:
lewis louis wrote:I didn't know Roman Polanski posted on TLS! Really though? Of course that credit will follow you. They have internet and phones in Jamaica too. Debtor's prison? well if you go to a country with no extradition with USA, you should be fine, but they better not catch that ass going to countries that do to accept lifetime acheivement awards.

Extradition? Dude, you can't be extradited for debt - it's not a crime, and no one will put you in jail for it. Extradition is irrelevant here.

As fair as the bad credit following you, it depends on the country. You need to do your own research on this one, but there are many countries that have credit systems that do not communicate with the wider international system, and many countries that do not have credit systems at all.

The main danger of leaving the U.S. to escape your debt is the risk that your creditors will try to sue you in country to recover their debt. For this reason, you've got to either 1) make sure your creditors do not know where you are, or 2) make sure your the country in which you live is unlikely to recognize your creditors' claims. Again, this is an issue that calls for your own research.


I think you misinterpreted me for someone who was taking this OP-joker seriously. I was using this thread as a launch pad for polanski jokes. Of course extradition doesn't come into play...unless there was rape or forgery involved. EIther way you need to relax and stop giving this guy ACTUAL advice.

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PLATONiC
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Re: what happens if you flee the country to avoid debt

Postby PLATONiC » Fri Nov 27, 2009 4:01 am

Go to North Korea.




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