Likelihood of being sued/judgement
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Posted by kappa
(193.58.71.200) on October 16, 2003 at 05:18:52:
I owe approximately 30-40K in credit card debt. My last payment was 1.5 years ago in which time I moved out of the country. I used to live in Florida. My question is if anyone knows in practice or have an idea on how likely is it of me being sued in the US by any of the creditors given the fact that I am out of the country and therefore they cannot locate me and given the fact that I owe so much to so many different creditors that there may be a collectibility issue. The reason I am asking is because I plan to return in 5 months and if I get sued or receive a judgement without me knowing, then upon entering the US I may have trouble since there may be a warrant out for me. Thanks PS: By the way, my credit report dated October 10, 2003, shows all the COLLECTION accounts with the indication: Account closed/Assigned to Attorney. Does it mean collection efforts have stoped and I will get sued?
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