I’ve never skipped an installment of my debts, I’ve always been a good payer: now, however, I strongly intend to go to my country of origin because I can no longer live in Italy for personal reasons. The problem is that I have debts with a credit card and a financial loan for about 50 thousand euros and I do not have the money to pay for them.

What if I go back to South America?

I make the premises:
a) I am an Italian citizen, however, in my country my documentation corresponds to when I had double surname that entails in Italy a different tax code.
b) The largest loan I have (€ 40,000) is covered by an insurance that protects the loss of work. If they can not find me, can the insurance cover the debt anyway?

What am I going to meet if I go back to my country in South America and do not come back to Italy? Are they looking for me there? How long does it take to prescribe?
I have nothing in my name, only my own car.

I have been working regularly since 2007, so I would use the severance pay to start a new life abroad.


The debts are in forfeiture if the creditor is not interested: in practice, in his case, if the financial institution that issued the loan or the company that made the credit card (or revolving card) credit card available does not notify periodically, at least every decade, which claims how much has not been repaid.

Now, notification is also sent by registered mail to Italian citizens residing abroad and registered with AIRE. In case of unavailability of the debtor, the notification is perfected correctly for complete stock.

In short, even if the debtor is hiding abroad, playing, to volatilize, with the possibilities offered by dual citizenship and the adoption of the double surname allowed in the land of origin, the right to collect the due from the creditor remains intact .

As well said, how correct he wants, it should also be added that in order to trace a debtor abroad and to get the remaining credit repaid it must really be worth it (I am talking about the single amounts claimed by each creditor and not the total debt) since the expenses to be anticipated (investigations and fees for the law firm operating on site) are certain and the success of the operation is anything but obvious, the outcome of the investigation could lead to the conclusion that the debtor does not have sufficient assets and income only partial repayment.

In addition, it must be considered that the rules for debt collection are not really harmonized outside the European Union.