Submitted by dudeindebt1990 t3_z7fooh in personalfinance
theoriginalharbinger t1_iy6k8ub wrote
Reply to comment by Vanathor in Debt collection - how long after judgment before bank is garnished? by dudeindebt1990
You keep talking about things you don't know about.
If he has currency, it has to be entered into a US bank before it goes overseas. If he resides in a state with a creditors right to levy his account, it can be levied. If he lies about its existence, he can be held for contempt.
There's a reason wealthy people on the verge of bankruptcy don't just move to Texas and move their money overseas. It's because the motion you've described fundamentally puts on society's fringes, makes dealing with everything inconvenient, and can be construed as contempt of court or criminal behavior.
You literally do not know what you're talking about. Non US accounts require a non US nexus anyway. And considering you went bankrupt recently, I have my doubts that you've opened an overseas account or have any knowledge of the reporting requirements or overseas assets vis a vis debt collection.
Vanathor t1_iy6kvfz wrote
The power of the government in a bankruptcy situation is pretty different from a private debt collector trying to execute a judgment. People run from their creditors all the time. You act like this is a novel situation. It's not.
theoriginalharbinger t1_iy6lxyx wrote
Dude, just let it go. Advising people to open up bank accounts overseas when it's obvious you have no experience in the matter is a dumb move, and you have no reason to compound that error here.
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