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Joined 6 years ago
Joined 6 years ago
The link you have is about business debt - that's likely much more collectable than CC debt.
If you do not have assets or high income, you can just ignore debt and it will drop off you credit report after 7 years. They can try to sue you (unlikely for <$5k debts) and then try to garnish wages (max 25% of aftertax income) but many states outright prohibit garnishment for consumer debts (like Texas) or limit it (like CA - just show that you have high living expenses to avoid garnishment).
Overall much better options that kneecaps.
Not necessarily and highly depended on how it was structured and state law. It's possible that BAM only took over entity and then all liabilities stays with the same entity (that was bankrupted later). Another option it was only asset sale without liabilities, etc.
Congress/president should pause H1B visas or hike up fee to 200-500K so that only truly exceptional talent are allowed in. Right now it's just give away to corporations that are laying off people by tens of thousands.
Besides if you are looking for work there is very little difference between foreigner on H1B taking the role and role being outsourced to India. Either way you do not have the job.
With transfer you have 4k people looking and eligible for new role. With no H1B transfer, less people are looking for work and citizens and green card holders have higher chance to land roles in a few companies still hiring.