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Subject:
Overdue Student Loan collection outside the USA territory
Category: Business and Money Asked by: spingwind-ga List Price: $15.00 |
Posted:
30 Mar 2004 13:52 PST
Expires: 29 Apr 2004 14:52 PDT Question ID: 322580 |
What are the procedures of vindication or collecting debts for overdue student loans such as stafford, perkins and others from a person who is not an American citizen, but a green card holder, and is currently residing in Poland. (Poland shall become u memeber of the European Union by May 31) (1) Is there a legal possibility of collecting these debts (which are guaranteed by the Federal Government) outside of the US territory? And, if so, (2) what does such a procedure involve and how far can it go. Student loans cannot be solved/cancelled neither by the statute of limitations nor by personal bankrupcy. In the US territoty the collection may only involve withholding a salary and tax refunds, but may not involve seizing property or real estate. If there is any possibilty of collecting these outside of the US territory, do laws governing collection procedure in a given country (in this case Pland) apply, even if they differ from the US laws in that respec, or do the US law apply? |
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There is no answer at this time. |
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Subject:
Re: Overdue Student Loan collection outside the USA territory
From: hansg-ga on 30 Mar 2004 15:27 PST |
As someone who has had a family member in this situation, I think it is fairly unlikely that anybody is going to take active collection action abroad. However, if this person ever does return the US, and should become eligible for a refund, or perhaps even apply for a Federal job, the debt will still be there, and may be deducted. And there may be a possibility that this bad debt may affect the person's ability to get future credit, even in Poland. Welcome to capitalism! |
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