Posted by: Supernote January 4, 2011
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I have an american friend who filed bankruptcy for 200,000 dollars, she has had a difficult time. She is still having trouble to get any credits after almost 5 years. However our case is different. If you truly have your heart set on going back to Nepal, then i think the best thing for you to do is change your phone number for now. Ignore the harrassing phone calls and letters. If you can, avoid opening a new credit card account in your name. My only question i have for you is, do you own any personal collateral? such as a car, motorcycle, boat, or even a house. If you do, the debtors will have access to take your personal items to cover their debt. If you dont have these items in your name then you will be fine until you get back home. They wont bother you. All you will be a tax right off for your debtors. If you are thinking to come back here then you will have hard time to get any credit. If you can get in touch with bankruptcy lawers with free consult then they can advise you whether or not you should file bankruptcy with your status. And also your record will be with them making impossible for you to get any future credit.