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WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17223
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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I have amassed $50k in credit card debt. I am living outside

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I have amassed $50k in credit card debt. I am living outside the US in Germany. Will the bank (USAA) sue me?

WALLSTREETESQ :

This is a common issue,

WALLSTREETESQ :

the US Creditor will likely sue you, however they will have to sue you in your last place of residence int he US,

WALLSTREETESQ :

they would not sue you in Germany,

WALLSTREETESQ :

if they obtain a US judgment against you, they would only be able to

WALLSTREETESQ :

take US Assets not any foreign assets or foreign accounts,

WALLSTREETESQ :

they would not be able to enforce the judgment against you in Germany,

WALLSTREETESQ :

If you do not have any last US address, they would not be able to sue you in the US either.

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