this post was submitted on 17 Aug 2023
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] ArmokGoB@lemmy.dbzer0.com 10 points 1 year ago (1 children)

Time to leave the country and never return.

[–] jeanofthedead@sh.itjust.works 5 points 1 year ago (3 children)

I don’t think your debt disappears if you expatriate.

[–] glorious_albus@lemmy.world 4 points 1 year ago

Banks hate this one simple trick.

[–] sturmblast@lemmy.world 4 points 1 year ago (2 children)

it doesn't go away but if you don't come back it doesn't really matter

[–] kungen@feddit.nu 4 points 1 year ago (1 children)

Depends on where you're disappearing to, and how smart your lenders are -- many countries cooperate with foreign debt enforcement.

In Sweden for example, a foreign lender can apply for debt enforcement with our national enforcement agency (Kronofogden). They then handle it the same as domestic debt by garnishing your wages or confiscating your property for example.

[–] Matt_Shatt@lemm.ee 2 points 1 year ago

Can’t garnish me or take my things if I expatriate and just become homeless. Checkmate government!

It does if you expatriate into ¡Gregorio Sanchez, Title Alligator Boxer Extraordinaire!

[–] waraukaeru@kbin.social 2 points 1 year ago (1 children)

You can get on income-based repayment. You have no American income, so you pay nothing. Eventually the debt is cancelled, as long as you don't move back.

[–] jeanofthedead@sh.itjust.works 2 points 1 year ago

Wow, I had no idea. See ya!