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I have a contract with a foreign sports federation. I can no longer afford the contract and they are pressing for payment. Would bankruptcy erase this debt?
5 ANSWERS
A bankruptcy discharge acts as an injunction against the collection of discharged debts. So the foreign federation could not collect the debt here in the US. They may still be able to pursue collection outside the US. I am happy to discuss your options with you.
Answered on Aug 02nd, 2011 at 11:07 AM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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All debts owed should be listed in the bankruptcy schedules. It doesn't matter whether the debt is with a foreign contract.
Answered on Aug 02nd, 2011 at 9:45 AM
Personal Injury Attorney serving White Plains, NY
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Glen A. Kurtis, PC Attorney at Law
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They would not be able to collect the debt in the US.
Answered on Aug 02nd, 2011 at 8:15 AM
Glen Edward Ashman
That depends on the law of that nation. But if your assets and income are in the US, bankruptcy, if successful, will prevent collection in the US.
Answered on Aug 02nd, 2011 at 7:24 AM
Bankruptcy Attorney serving Herndon, VA
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Maureen O'Malley
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Probably, unless they don't recognize U.S. law. And there could be issues if your a citizen of that country or go there often. You could call their embassy to learn how they are with our laws.
Answered on Aug 02nd, 2011 at 7:15 AM