What to do if I am moving overseas but have a large credit card debt that I’m getting close to not being able to pay?

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What to do if I am moving overseas but have a large credit card debt that I’m getting close to not being able to pay?

What happens if I don’t pay it. Also, I am 1/12th owner of our family cottage here in the us. Could they go after my share?

Asked on June 27, 2013 under Bankruptcy Law, Wisconsin

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If you don't pay it, you can be sued. If you are sued and do not appear, you will lose automatically. If you lose, whether by default (not appearing) or at trial, the credit card company will get a judgment against you; with that judgment they can try to collect from anything you own or any income you have in the States, including your share of the cottage.


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