We'll help you find the right solution for your needs
Does this sound like your topic?
I have been living abroad in the Middle East and have had to leave in a hurry due to issues at the company I worked for; and given the habit of jailing people over there for even small defaults I feel I had no choice.
I have left behind a car with a secured loan on it (approx $10k difference between outstanding loan and current car value) and approximately $20k in credit card debts. All the debts are with the UAE subsidiary of HSBC. I also bank with HSBC USA in the US. I have no intention of ever returning to the UAE or anywhere else in the GCC.
I have a few questions:
- Does HSBC UAE have any legal basis to chase me in the US?
- Can HSBC USA take money from my US bank accounts to settle the UAE debt?
- Is there anything else HSBC USA can do to me?
Thanks in advance!I forgot to mention that I currently do have an HSBC USA bank account... So the follow up question is whether HSBC USA can take money from my HSBC USA account to settle my HSBC UAE debts? Thanks!