<prompt> Human: Hi,Ive never posted on personal finance before, but Ive read and seen posts on the front page time and time again, so now I need your help.My husband and I have moved to Finland from the US about a month ago. We are planning on living here indefinitely with our small son who will be 1 year old in December. I am 27 years old and my husband is 25. He has a great job at a tech company here in Finland and with the education and life so drastically different here, if everything goes as planned, we hope to stay forever.With that being said, we have some debts that we have left over in the US. We are coming from Virginia with a few loans and some student debt from when I went to college in Texas. We are selling our house on December 15 and have about 4700 in feesclosing costs that we are paying then, if that matters at all. The loans are as follows:Credit card with BoA debt that helped us out when we got to Finland before we got our first paycheck, moving expenses, etc. 9,700Personal Loan covering old car payment 6,200Car loan were still trying to sell 7,800Student loans All College Access loans 49,900Before we left, we paid off a Home Depot credit card that had about 4k on it and Ive paid off about 50k of student loans already thanks to my dad but the rest is on me.So from what Ive read online, we could apply for bankruptcy or default on payments. Issue I see with this is my parents are co-signed on my student loans, so obviously couldnt stop paying on those or theyd go after them. Our credit history is not an issue from what I understand because were not living in the US and dont plan on for a long while, and your credit score disappears anyway after a few years of not using it.I entered my research online by looking up ways to consolidate our loans into one payment and then wire transfer Euros over to our BoA account, paying fees and whatnot for years to come as we pay off these debts slowly over a few years. Were bringing in about 3750 euros per month which pays for rent, utilities, food and other activities healthcare, etc are paid for with our taxes It just doesnt seem efficient to me to pay for all the wire transfer fees, keep the BoA account open so Im wondering if we might as well just go bankrupt? But do we have to go back to the US to attend a meeting for the bankruptcy or can we do all of this from Finland? Because if we have to go back, plane ticket, hotel accommodations, food, etc would not be something we could afford.I need advice, I dont really know what my options are or if these are even good choices. I just know that wiring money over for years and years just doesnt seem like a good option to me. Biggest question is what to do with the student loans and what to do with the other debt.Assistant: Your plan is totally messed up. No you cant run a BK from Finland. You need to attend in person. You also need to declare all your income in Finland to the IRS as youre still citizens. This is bound to go wrong for you in a big way. Human: Wait why would we need to declare our income to the US? His job is in Finland and we pay taxes in Finland?  <response>: If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside. 