Hi - I'm looking for some answers to a series of questions. I moved to Canada to be with my wife about five years ago. I have a fair bit of student debt and credit card debt back in the States, and I'm looking at the best way to handle it.
1. Is it possible for me to return to the States and file for bankruptcy?
2. What happens to my Credit Card debts if I refuse to pay, and I continue to live in Canada?
Some context: I don't anticipate moving back to the U.S., already have permanent residence in Canada, and may well revoke my U.S. citizenship (for a number of reasons) in 2019, or 2020, depending on how my Canadian citizenship application goes. Any insight you can give me would help
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.