Posted on March 21, 2008 at 3:14 pm Hi. I am currently in a stiuation where my debt is greater than my income. I have tried to protect my credit for as long as possible, but have now reached a point where I have to decide if to let one of my debts go unpaid. I owe 98,000 in school loans (which I have been paying faithfully), 4000 in credit card debt, and another 5,000 in a personal loan debt. I have lived overseas for 6 years with no plans of returning the the US in the near future, so I am ineligible for bankruptcy filings. I own no property, have no investments and no savings. If I am unable to pay the personal loan of 5,000 USD, what legal steps can the lender take? I have been losing sleep over this situation, and do not know what to do. Thanks.