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Re:debts of an estate (1 viewing) (1) Guest
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TOPIC: Re:debts of an estate
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Jackie (User)
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Re:debts of an estate 5 Months ago Karma: 3  
Tia A. wrote:
QUOTE:
I have a relative that is terminal. She has a house, which is worth less that what she said and it needs work. She also has credit card debt.

Who is responsible for the debt of the estate if she doesnt have enough assets to pay all her bills. I'm sure she has unpaid medical bills and God only knows what else. What happens to them?

What a mess


If the estate is insolvent then the creditors will have to write off the debt. The probate court inventory sheet will show that she had no assets. If you show that to the creditors then they will close the claim...usually.

What state?
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debts of an estate
Tia A. 2008/06/18 11:10
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Jackie 2008/06/21 06:40
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Tia A. 2008/07/21 09:09
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LK311 2008/07/21 14:18
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