The answer is yes. Not only will they send it to collections (I/C/S/ is the company i think), you will have to go stealth to use pp ever again. If you ever create or access a pp account from the IP you used, or link the same name, address, email, bank acct or phone to a new pp acct they will link it to your old one and the neg balance/suspension will follow. They have logged every single ip you've ever used to access that account, and if you have an egay acct that's linked too, also with every ip. Skype is theirs so any Skype numbers are in the mix as well. If you're dumping that pp acct you have to do some research and find out how to re-establish (or buy) clean accts, and how to access them without being connected to your old one(s). New name, address, email, bank, phone, email, ips. If you have multiple accounts now be very careful accessing any of them from your curent setup.