Can you leave the country with debt?

[InternetSwag]

I don't actually have any debt, but I was wondering.

Let's say for example you owe R20k in loans to the bank, but you want to go to the UK for a year, through an agency that'll provide you with work etc.

Can you still pay off that loan with your UK account? Can you even leave with debt to your name?

 

[Sinbad]

Yes, and yes.

I paid off my ZA credit cards when I moved to the UK - swift transfer from my UK account to my ZA account, and online banking to pay the CC.

 

[HavocXphere]

Minors must be accompanied by an adult.

 

[Paul Hjul]

yes you can leave with debt. Historically a creditor could seek an arrest warrant though if they believed you were leaving to evade the debt but the Constitutional Court set that remedy aside.

If you do leave with debt in order to evade creditors don't expect them to be nice to you though - there is precedent for securing an interdict on an absconded debtors property and IIRC your absence from the Republic does not prevent a warrant of execution on judgment already adjudicated while you were in the courts jurisdiction from being given force.

I firmly believe that if you are going oversees for an extended period you are ethically obligated to notify any affected creditors - consumer debt being settled on an unaffected schedule would just be a waste to a call centre.

 

[Mephisto_Helix]

Or, just leave forever and give em a nice big ..|..

 

[InternetSwag]

yes you can leave with debt. Historically a creditor could seek an arrest warrant though if they believed you were leaving to evade the debt but the Constitutional Court set that remedy aside.

If you do leave with debt in order to evade creditors don't expect them to be nice to you though - there is precedent for securing an interdict on an absconded debtors property and IIRC your absence from the Republic does not prevent a warrant of execution on judgment already adjudicated while you were in the courts jurisdiction from being given force.

I firmly believe that if you are going oversees for an extended period you are ethically obligated to notify any affected creditors - consumer debt being settled on an unaffected schedule would just be a waste to a call centre.

Thank you for that.

 

[InternetSwag]

Minors must be accompanied by an adult.

That's cool my daughter is too young to have debt.