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When you hear Europeans get horrified that in the USA a medical problem (or whatever) could drive you into bankruptcy, this is the context. They are usually mo
by buescher 4y ago
When you hear Europeans get horrified that in the USA a medical problem (or whatever) could drive you into bankruptcy, this is the context. They are usually more horrified than you might realize, because there is a bit of miscommunication going on.
Can you inherit debt in Norway? You can in Germany. You don't in the USA.
Can you as a Norwegian declare bankruptcy in the UK or is that off the table now that they're out of the EU?
- krastanov 4y agoWould it matter that UK is not in the EU given that Norway is also not in the EU?
- buescher 4y agoOops. Well I suppose there’s that. I’ll add that I have no idea how “bankruptcy tourism” works, other than that people do it. It’s odd that one can do it at all.
- marvin 4y ago> Can you inherit debt in Norway? You can, but it would be voluntary. Inheritors can choose all assets and all debts, or nothing. Unsure about the bankruptcy tourism idea. I'm pretty sure it would take many years. Moving countries for tax purposes, for instance, takes five years for all obligations to clear.