Be thankful you don't live in Spain!

[JackBondLove]

There, a home mortgage is like student debt - non-dischargeable!

http://www.nytimes.com/2010/10/28/world/europe/28spain.html?_r=1&src=me&ref=general

Not only are Spanish mortgage holders personally liable for the full amount of the loan, but throw in penalty interest charges and tens of thousands of dollars in court fees, and people can end up, like Mr. Marbán, facing a mountain of debt. Bankruptcy is not the answer, either. Mortgage debt is specifically excluded here.

“Effectively, you can never get rid of this debt,” said Ada Colau, a human rights lawyer who works for Plataforma, a new advocacy group formed both to give legal advice to homeowners and to push for reform of the country’s foreclosure laws. “Other countries in the European Union also have personal debt mortgages, but you can go to the courts and get relief. Not in Spain.”

[tobee43]

no way...well Jack how about this one....if you are in the usa...you can leave the states for 10 years and everything will be discharged...OR you can move your butt and all your debts to canada and then file up there and everything gets discharged...including your student debt....

so...here's my question...if someone from spain came here and filed and listed all their creditors in spain would the us bk courts honor or accept those debts as being cleared....ummmmmmmmmm????