HUGE 3 yr old debt, no assets, likely to b sued?

[dsj079]

I have a total debt over the past 5 years of approx. 60kUSD from a handful of credit card/banks.
Last payments were made to these accounts about three years ago.
I have been out of the country for the better part of four years but plan to return to the U.S later this summer (2011).

I will be establishing a residence address again and I'm sure this will trigger an onslaught of letter and visits from CAs.
This new address however will be in a different state than where my credit/debt is established (California).

Obviously collection agencies have been unable to serve me, if they have intended to sue.
So if they file suit and win a judgement against me, sometime after i return to the US this year, should i expect that they will freeze my bank account,
which for years has had an average balance of less than 1000usd?

Also, being unemployed without any assests (not even a car)
means that they know there are no wages to garnish or any other means of collecting.

strategizing the next step is imperative - probably filing for chapter 7, but for now....

Any thoughts on likely scenarios i may face post return to the US, or likelihood of being sued at this point?

thx.

[Lian]

How they intend, within their legal action, to obtain payment of any judgment is up to them to request before the court. The judge will then determine the terms of payment. I would appear in court and tell the judge what you are able or unable to pay. You don't want the judge to set unreasonable terms of payment.

If you have been absent from the U.S. for a period of time, I advise that you closely review your state statute of limitations. In many states, absence from the U.S. is excluded from the period of running of the SOL. So you may have an extended SOL.