Debt in US on work visa
Date: Sun, 03/15/2009 - 19:18
1) Let creditors know my situation and ask for suggestion. But I am sure after knowing they will be more aggressive in collecting debt.
2) Try to pay as much as I can from my home country, but it will take 100 + years to pay that much loan because of exchange value of dollar in my home country.
3) Just forget everything and start a new life in my home country. I know this is not a good choice, but still I listed it as option. Can they follow me in my home country? Can they ask for my passport copies from government and send someone to that address in my home country?
Any advice would be appreciated.
Thanks!
Hi Andy I would suggest you to leave the country without inform
Hi Andy
I would suggest you to leave the country without informing the creditors of your inability to repay the debt. If you do not plan to come back to US again, then the creditors cannot do anything to recover the debt in your home country. However, if you ever return to US, there is a possibility that the creditor might bring a judgment against you to recover the debt if the SOL on the debt has not expired by that time.
Do you have a social security number in the US and were taxes ta
Do you have a social security number in the US and were taxes taken out of your pay?
An H1B is a legal work permit so yes, he would have an social se
An H1B is a legal work permit so yes, he would have an social security number and taxes taken.
I am the original poster. Yes, I have a valid SSN and I paid ta
I am the original poster. Yes, I have a valid SSN and I paid taxes in each year. Also, I have no plans of returning the US again.
With $200K in debt, it is quite possible they may pursue you ove
With $200K in debt, it is quite possible they may pursue you overseas. International debt collections is becoming a lot easier to do with technology.
So, what options do you suggest for original poster? In any cas
So, what options do you suggest for original poster? In any case, I am not legally allowed to stay in US and I can not pay $200K by earning from my home country because of exchange rate.
