PaddyBloggit, I agree with you that there are alot of threads with people considering defaulting however I've searched extensively and there is very little practical and concrete knowledge about the topic.
The attitude appears to be...."I'm running away from this and hoping for the best" instead of making an informed decision i.e. my initial post touches on a couple of the questions that potential defaulters should understand before going through with it.
Do you agree?
I've asked many of the posters who have done a runner and who are considering doing so to post back their experiences. So far no one has replied. I'm guessing those out there is Oz etc reading this are living a new life, want to forget the old life and forget about the debts and are therefore not willing to reply. A situation I empathise with. I wish one of them would reply, they could always PM me and then we could give good advice to those who are contemplating going.
Until they have an Irish judgement there is very little a US debt collector can do. The bank is not going to shell out money to see if they can get a small amount of money out you eventually. It is a real long shot and not many banks are prepared to do this unless they know for sure there is a big pile of money available to pay them. They have hired Columbo to find this out for them.
They won't be able to. No judgement, no liens.
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