> Leaving the country with a large Mount of money?

Leaving the country with a large Mount of money?

Posted at: 2015-07-28 
What would happen if someone left Australia after taking out a large personal loan and moves overseas and no plans of returning or paying the loan back.

I've heard of someone who done this and wasn't sure whether a debt collector would be contacted in that country or whether they'd have you extradited or what.

no I am not planning this, just a simple question.

There is a limit(Generaly $10,000) on how much cash you can take with you when you leave the country. Also the Bank system reports large withdrawals or transfers of money to the government.

If it was large enough, over $10,000 US in most cases, you could be extradited back to Australia to stand trial

Australia WILL honor the court order to garnish the persons assets.

when they are caught they would go to prison for a very long time