We Now Live in the UK but We’ve Maxed Out Our Credit Cards in the U.S. – Carol

“Dear Steve,

Husband has maxed out lines of credit and credit cards in the states, and we are now living in the UK. Cannot pay the debt load as his income is 1/4 of what it was 2-3 years ago. Are trying to sell 1 or 2 of the 2 houses but very little equity and market is bad. The states are different than here and it doesn’t seem as easy to find the right entity to help out. Still have 2 sons in universities in the states. I cannot sleep at night worrying how to fix this. too much stress. husband is also 70 almost 71. have 1 son at home still in high school

Do you have an answer for us in the states? who to call who can help who is reputable? I don’t think consolidation is the answer as I don’t think we can even pay those amounts. the debt is 560k in dollars w/o house notes.


Dear Carol,

It really sounds as if bankruptcy is going to be the only way out since you don’t seem to have any other assets other than possibly some debt in homes you can’t unload.

I would suggest that you contact a local bankruptcy attorney near where you last lived in the U.S. or if your homes are located in a different state, in the state where your homes are located.

For additional information, see “Can I Go Bankrupt in the U.S. Even Though I Live Outside the States Now? – Peter.”


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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