but since this is all just a hypothetical situation, Alsatian, perhaps it's just needless worrying to get worked up about just now.
i mean, if you lost your jobs and couldn't pay, wouldn't you file for bankrupcy?
i did, but i also had NO assets and was working temporary gigs when i could.
also, IIRC the bankrupcy law has changed over there. but mine was nearly 8 years ago and even then, the student loan debt was not discharged.
I understand that DH losing his job is hypothetical at the moment but to put it bluntly, once my older dog passes away, we are prepared to leave the US at that point meaning DH would actually quit the job and leave for the UK. There is no way that we can pay the differences on the truck & boat in the short time my dog has left. Selling the house for a profit right now is looking less likely now. There doesn't seem any point putting the house up for sale until she passes as we would have to go into a rental and good luck getting a rental with a big dog. That's just too much stress right now for her and us. We aren't going to do anything until she passes, could be weeks, months or a year+ although I can't see her going beyond a year.
On top of the truck & boat debts we have to save money for shipping our stuff to the UK. If it wasn't for the truck & boat debt we'd be fine.
So does anyone know about Credit Unions here in the US, are liens held by them classed as Gov't debt? How do the Credit Unions view debt left over from auctioning a vehicle?
Going into Bankruptcy takes months, 3-4 months approx and also the laws have changed over here now and the Gov't has made it harder for you to just wipe out the debt. Plus until my DH looses his job you have the means to continue paying. For us to leave he would more than likely leave his job which means quitting a job, filing for Bankruptcy (which costs money in of itself), we at that point would have no way to save what we need to come home so it is a catch 22 situation.
I think the only way to do this is to wait for our dog to die then we are free to start the process, spousal visa (almost $1,000), shipping stuff to the UK (another few $1,000's), flights to the UK (another $1,000 approx), sell the house (maybe break even, who knows at this point) find a month to month rental at that point, hand the boat back saying there is going to be a change in circumstance and we are no longer able to afford to pay the lien as we are leaving the country with no funds coming in (Pension cannot be garnished, they can't touch it), same with the truck and then just fly out and eave.
I really can't see any other way to leave. I understand what you mean by Bankruptcy but while the job is still present the ability to pay these loans are. The court isn't going to let you Bankrupt if you have the means to pay. Hope I make sense.
I also understand about you saying "needless worrying" but I want to garner as much info as I can and try to find a solution or at the least the best solution under the circumstances. It's not as easy as just packing up and walking away. You have to hand things back, talk to lien holders etc...... Once my dog passes away, I am very determined to be on plane to the UK as soon as I can.
