We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt question
Options
Hi guys
I have a friend that worked in the USA for a few years and accumulated $50,000 in debt spread over several different credit cards. Whilst he has every intention of paying paying off the debt, due to the amount of money loaned he has started to struggle.
Since moving to the UK he contacted a number of the companies and made repayment deals with them. One company however refused and has passed his details to a creditor, who are now harassing him at work to repay the money.
Apart from speaking to the company he works for to stop the calls, I suggested if the debt is unmanageable to try and file for bankruptcy in the USA?
I wasn't sure what other advice to give my friend, so I wanted to see if anyone in this forum might be able to help?
I have a friend that worked in the USA for a few years and accumulated $50,000 in debt spread over several different credit cards. Whilst he has every intention of paying paying off the debt, due to the amount of money loaned he has started to struggle.
Since moving to the UK he contacted a number of the companies and made repayment deals with them. One company however refused and has passed his details to a creditor, who are now harassing him at work to repay the money.
Apart from speaking to the company he works for to stop the calls, I suggested if the debt is unmanageable to try and file for bankruptcy in the USA?
I wasn't sure what other advice to give my friend, so I wanted to see if anyone in this forum might be able to help?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards