More specifically, when someone takes out the highest loan amount from the bank that they can & then flees the country in order to not pay it back, what exactly happens in such cases?
In: Other
I have heard/knew of people that did this. Someone even did it to the IRS (1m+ taxes). Nothing gonna happen to you other than your assets being taken away.
The guy in case of the IRS is facing time due to promising them he’s gonna pay before escaping. Otherwise the others whom did $100k+ ended up cashing out and buying houses. Some even waited 10 years before returning and doing the whole thing again.
Latest Answers