leaving the country ??


R

Riverman

My family has a home in Germany
I plan to retire there
can credit card company's access foreign accounts ??
If so I will use have to use foreign corporations to shelter the money
I probably will not return to the USA..
 
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S

slimick

Not sure what you're asking....I'm reading into this that you have debt
here in the USA and you're wondering if you'd no longer be liable if
you move to Germany. If that's not it then please elaborate more. If
this is the case, I can comment on one aspect: bad credit will follow
you across the ocean. Equifax is also used in other developed nations
such as the UK and Germany: defaults, judgements, liens will show on
your credit report there too and will have the same negative
consequences.
 
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R

Retired

5 years ago I set up a corp in Germany to receive some of my
commissions if I walk away from my credit card debt (100 m to 17
cards) can they attach my German assets in my name
a credit report is of no significance since I have cards in my corp
I will probably not return since my family now lives in Germany
 

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