I defaulted on private student debt a long time ago. It’s a long story why, but mostly I’ve worked overseas since then and although my credit has recovered, the statute of limitations has not depleted and I could still be sued for it.
Since then, I’ve started a company with 2 co-founders. We’re incorporated overseas, but wanting to incorporate in the USA for investment and it’s where most of our customers are. Our IP and everything would be there.
My question is – if I’m sued for the student debt before I’m in a position to pay it back, my shares would be my biggest asset. So could they take them and sell them off? And then that puts the company at risk?
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