Here is what the FEIE IDR zero payment student loans expat legal strategy looks like in practice: you have $80,000 in federal student loans, you move to Colombia and earn $75,000 a year, you claim the Foreign Earned Income Exclusion (FEIE) on your U.S. tax return, your Adjusted Gross Income (AGI) drops to near zero, […]
If you have a car loan auto debt moving abroad scenario on your hands, the answer to “what happens” depends heavily on one thing most people never check before they board that one-way flight: what state you live in. California residents who walk away from an underwater auto loan before relocating internationally may owe absolutely
If you’re sitting on $20,000, $50,000, or even $100,000 in U.S. hospital bills and seriously considering a move abroad, here is something most financial advisors won’t tell you: medical debt moving abroad does it follow you is one of the most common questions we get at FundYourExit — and the honest answer is that, in
Most expats assume that putting an ocean between themselves and their U.S. creditors starts a countdown — that the statute of limitations debt moving abroad expat clock ticks away until the debt becomes legally uncollectable. That assumption is wrong in a significant number of states, and it can cost you years of unexpected legal exposure.
Here is the number that changes the entire debt settlement negotiation before moving abroad negotiate conversation: according to an FTC study of 90 million consumer accounts, debt buyers paid an average of just 4 cents on the dollar for the debts they purchased. When you walk into a negotiation offering 30 cents on the dollar,
Most Americans living abroad assume that putting distance between themselves and the IRS buys them time. It does not. Under the FAST Act of 2015 (IRC §7345), the federal government can trigger IRS passport revocation for tax debt the moment your balance crosses $66,000 in 2026 — and, in the cruelest twist of the law,
If you’re considering moving abroad with federal student loan debt, you’ve almost certainly heard horror stories: passport cancellation, international arrest warrants, frozen bank accounts. Most of them are wrong. Student loan default moving abroad what happens to your passport, your wages, your retirement check — is a question with a mostly reassuring answer and one
The decision between Chapter 7 vs Chapter 13 bankruptcy moving abroad expat planners face is one of the most consequential financial choices you will make before leaving the country. Get it right and you leave with a clean slate in 3–6 months. Get it wrong and a federal repayment plan legally anchors you to the
Here’s the trap nobody warns you about: you decide to file bankruptcy before moving abroad, start booking flights and hotels on credit cards to celebrate your new chapter — and a federal trustee later argues those charges are presumptively fraudulent. Under the Bankruptcy Code, luxury purchases and cash advances made within 90 days of filing
I had $34,000 in unsecured credit card debt when I boarded a one-way flight to Medellín. Eighteen months later, none of it has followed me here in the way I feared it would. If you’re searching for the truth about moving abroad and stop paying credit cards — what happens — this is the unfiltered
