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Thank you for your reply dkt2u, but respectfully you are reading “way too much” into my question about bankruptcy. I asked the question after reading an article about US citizens that have moved to the Dominican Republic which does not have a “debt collection” treaty with the US. They are then able to renegotiate their debt with their creditors without fear of harassment, liens, etc. This is a very common practice in the US, accept that creditors can intimidate debtors and don’t really have to negotiate in good faith. And the new US Bankruptcy laws are making it even more difficult for debtors to get relief. It is not walking away irresponsibly as you suggest but adds leverage to debtor negotiations which usually results in a significant reduction in interest rates on the balance owed or a cash settlement of the total amount due. Since Costa Rica is also a country that does not have a “debt collection” treaty, I was curious if the same thing might be happening there. Again thanks for your reply.
My comment about the “sex tourism industry” was to illustrate my point that people visit CR and reside full/part time for may reasons some quite nefarious I’m sure. In the US you go to jail for soliciting a prostitute, but not for failing to pay your debts. Debtors prisons were abolished in the 19th century. In fact, I would be surprised if most single men who reside in CR did not initially become attracted to the country because of the “female opportunities”.
(With apologies ofcourse to all that are offended by my unavoidable characterization of what I am sure is a very, very small segment of the women of CR.)
