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Heupel Law | Kevin Heupel
Yes, bankruptcy can discharge a foreign debt.
Answer Applies to: Colorado
Replied: 8/9/2011
Law Office of John C. Farrell, Jr. | John C. Farrell, Jr.
I believe that the bankruptcy discharge protect you from foreign debts, especially if you file for Chapter 7. Youshould, list the foreign debts in the filing.If the foreign entity hires a collection agency in the US then you have the right under the Fair Debt Collections Practices Act to dispute the debt and ask them not tocontact you anymore. You can send this letter by certified mail but it is not required. Additionally,I do not know if the foreign countrywill recognize a bankruptcy discharge granted in the USto protect from collection actions that might otherwise be brought there. However, I would suggest not conducting anymore business or obtaining anymore assets in said country. I would also be a good idea not to visit there. Remember things including the laws and protections are very different once you leave the confines of the USA.
Answer Applies to: Massachusetts
Replied: 8/3/2011
Theodore N. Stapleton, PC | Theodore N. Stapleton
A bankruptcy discharge acts as an injunction against the collection of discharged debts. So the foreign federation could not collect the debt here in the US. They may still be able to pursue collection outside the US. I am happy to discuss your options with you.
Answer Applies to: Georgia
Replied: 8/2/2011
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
All debts owed should be listed in the bankruptcy schedules. It doesn't matter whether the debt is with a foreign contract.
Answer Applies to: California
Replied: 8/2/2011
Glen A. Kurtis, P.C. | Glen A. Kurtis
They would not be able to collect the debt in the US.
Answer Applies to: New York
Replied: 8/2/2011
The Law Office of Mark J. Markus | Mark Markus
Bankruptcy will discharge any debt that is dischargeable under the Bankruptcy Code. Where the debt was incurred is irrelevant, although the bankruptcy discharge injunction only extends to assets in the USA.
Answer Applies to: California
Replied: 8/2/2011
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
in theory yes, however enforcing discharge in a foreign country could be quite a trick. They could not sue you here. Depending on the country we have a treaty that covers that.
Answer Applies to: California
Replied: 8/2/2011
Ashman Law Office | Glen Edward Ashman
That depends on the law of that nation. But if your assets and income are in the US, bankruptcy, if successful, will prevent collection in the US.
Answer Applies to: Georgia
Replied: 8/2/2011
Law Office of Maureen O' Malley | Maureen O'Malley
Probably, unless they don't recognize U.S. law. And there could be issues if your a citizen of that country or go there often. You could call their embassy to learn how they are with our laws.
Answer Applies to: Virginia
Replied: 8/2/2011
Law Office of Harry L Styron | Harry L Styron
Bankruptcy would make the debt unenforceable in the United States. If you have overseas assets, it is questionable whether they would be protected by a U.S. Bankruptcy without going through whatever debt resolution process exists where those assets are located.
Answer Applies to: California
Replied: 8/2/2011
The Schreiber Law Firm | Jeffrey D. Schreiber
Depends on whether the country recognizes a United States bankruptcy discharge.
Answer Applies to: California
Replied: 8/2/2011
