When I was married, I cosigned several private student loans
totaling around 80k for my now ex wife. In our divorce agreement, she agreed to pay them off. She defaulted on them about six months ago. Although no one has come after me for the money yet, I am sure it only a matter of time.
My situation is a bit stranger, because I no longer live in the US. Because these are private student loans, I was told the loan company would need a judgement against me to collect. For this I would need to be served in person. ( I think). Also the majority of my asests are not inside the US. All that I have in the US is a small bank account and a small brokerage account.
It was suggested to me that I hire a lawyer to contact the loan company, explain my situation and offer a small payment in order to be removed as the cosigner of the loan. The person that suggested it told me the loan company would likely take something, rather than nothing. I have never heard of anything like this being done before and not sure if it is plausible enough to spend money on a lawyer.
My question, in several parts,
A. is that a realistic plan? If so, how do I go about finding a lawyer that won't charge me an arm and a leg?
B. If they attempted to sue me, would they have to serve me in person or could they mail something to my country?
C. If I wanted to sue my ex, could I? They haven't taken any money from me, so not sure what damages i could show. But I hate the fact she has washed her hands of the whole thing.