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If we file for bankruptcy in the United States, as it is to our credit if we consider one country to another?

My fiance and I are currently residing in the United States and are considering had declared bankruptcy. It is quite deep in student loans, I'm still paying my car, and our combined Credit card debt is well over $ 30K. She has been looking for work for over a month and I was set off last week. Our situation seems pretty bleak, but I think bankruptcy could be an opportunity for us to start new and to make things right are. However, I am concerned because it seems like living in the USA would be extremely diffucult with the threat of insolvency to be on our credit report for the next seven years. What would happen if we declared bankruptcy, but then to Canada or New Zealand for a while? Will our bankruptcy follow us in a foreign country? If our creditors chasing us down? If we can come back to the U.S. after 9 or be 10 years?

You must understand that federal student loans in bankruptcy are not taken and they have no statute of limitations does not! If the formation of lenders Files by default with the Department of Education, the DOE may come after 5 years from now, 10 years, 25 years, there is no end. If a BK follow a another country? Probably not. However, a stay will include a substantial amount of time that country's immigration dept, and they are free to find your finances. You may draw not responsible for your credit report, but they will certainly see want you can help, as well as our immigration process requires. Bankruptcy Option can be a very good, but running away is not the solution to your problem. I'm sorry for what happened and I can not imagine how difficult it is both be out of work. You need to call your creditors and tell them what happened. If the words "financial distress" ever applied, apply now! By the way, the student loans … while the worst when you pay (no forgiveness to refuse), they are one of the mildest, if you have hard times stand. You can stop a request for leniency and payments. The interest continues to buildings, but at least you can get out of paying up on the payments to you will be able to resume. Do what is right. Get a forbearance on student loans, BK file on the rest if you need (and qualify) and try to make ends meet until you find work. Just do not run away. The U.S. Gov't is not forgotten.

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