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Am I liable to pay debt if I’ve moved out of US?

Submitted by Ava on Thu, 08/11/2016 - 22:47
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I’m a US citizen. But, currently, I have moved to Austria with my husband and children. I had some debt in US. Am I liable to pay those debt even if I’ve moved?


If you're moving outside of the country without paying your debts, it may go into collections or eventually your due balances will be written off. As a result, the creditors will file a 1099-C form with the IRS reporting unpaid debts of $600 or more as “income". The IRS will then ask you to pay taxes on that “income”. So, you may save yourself for now, but later you must have to face the consequences.

If later you need to come back in U.S again, you’ll be in far worse condition than you were before you left.


Submitted by tiarajoseph11 on Mon, 08/22/2016 - 23:16

tiarajoseph11

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Where are you two coming up with such crap?? Do either of you speak or read English??? Why on earth would they send a 1099 to someone who lives outside the country and probably wont file taxes.

Poster....if your balance is low, they may not even pursue you. If your balance is large, they could resort to international collections. Debts can and are collected world wide.


Submitted by SOAPLADY on Tue, 08/30/2016 - 20:24

SOAPLADY

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