Hypothetically speaking, could you take out some personal loans and max out your credit cards, then leave the country and not have to pay it back? If you did that would it be best to file bankruptcy so people don’t try to track you down for payment? Then if you ever wanted to come back in 10+ years, your slate is clean, right?
Can you max out your debt and then leave the country and your debt behind you?
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Sadly not. The only thing international law seems to be good for is protecting the rich, like the banks you owe money to.
Yes you can. It is hard for the bank to chase you down. Especially if you leave for a country we dont have a trade agreement with
Sweden would be the only place.
And you’d have to move fast and never ever return.
Dude you already know the answer to this question your posting to hopefully get someone to go sign your bullshit. http://Www.Perplexity.ai if you are ready to find out
Yes you should, the statute of limitations defines a finite lapse for debts.
I despise people who do this, makes me think you’re an unreliable fuck, but to answer your question, I’m certain you can do it.
Good luck.
A lot would depend on the destination country, and how serious your creditors were about tracking you down.
If you plan to do this, or your actions imply willful intent to defraud your creditors; you’ve committed a crime which could be a felony depending on the amount.
If you just happen to move overseas and stop paying your debts, you may not have committed a crime (except in some middle
East countries), but you can be sued in civil court and lose via default judgement. Your bank accounts could be garnished and property could be seized, assuming you have some.
If you moved to a country that has decent relations with your home country, there is a good chance you will face court in your new country as well. But if you left the USA and moved to Iran or North Korea, you probably would not be followed.