Canadian Debt in the USA

[JeffInDallas]

What is the name of your state? Live in Texas.

I used to live in Canada (I am a Canadaian citizen) and have 2 Canadian credit cards with a total balance of $35,000. I am unable to handle the payments.

I now live and work in the US (Texas). If the Canadian companies eventually take me to court and win a judgement, can they garnish my US wages or take my US assets?

Thanks...

 

[I AM ALWAYS LIABLE]

What is the name of your state? Live in Texas.

I used to live in Canada (I am a Canadaian citizen) and have 2 Canadian credit cards with a total balance of $35,000. I am unable to handle the payments.

I now live and work in the US (Texas). If the Canadian companies eventually take me to court and win a judgement, can they garnish my US wages or take my US assets?

Thanks...

My response:

Why aren't you paying?

I mean, from my understanding of the exchange rates, your $35,000 Canadian debt is like, about, $10.49 U.S.

IAAL

 

[big_rob]

I don't think anyone on this board can fully answer that question. This forum only gives advice pertaining to the US Collection Laws.

However, I can tell you that there is no wage garnishment in Texas and Texas has an unlimited homestead. Your paycheck and your house is safe.

 

[big_rob]

http://www.bankruptcyaction.com/txexemptions.htm

http://www.carreonandassociates.com/articles/collectionlaws.htm#Texas

 

[JeffInDallas]

Everyone

Thanks for the replies...I know my situation is a little unique, but I wanted to ask anyways. Just getting the info on garnishment in Texas is a lot of help!

I appreicate any other feedback anyone else may have!

Cheers!
Jeff