Legal Question in Bankruptcy in New York
I am looking for factual answers not anyones opinion on what im doing. I have $5000 in unsecured debt and $12500 in debt on an auto loan. I have absolutly no assets and am planning to leave the united states and move to new zealand after i sell the auto in which the loan is tied to. Providing I sell the car and recieve the money, not paying off any loans, can the companies I owe to do anything to me while residing in another country besides destroy my credit and place judgements against me in the united states?
1 Answer from Attorneys
They can get a judgment against you in the United States and then seek enforcement of the judgment in another country providing that other country recognizes a judgment rendered in the United States court. Given that New Zealand is a common law country as is the U.S., it all probability, they will recognize the U.S. judgment.
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