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If a person has no estate at the time of death who would be responsible for his credit card debt?
Wiki User
∙ 16y ago
Currently I am dealing with estate issues and credit card debts. I am not a lawyer but after talking to many professionals, it seems to me that if their is no estate and no joint credit card holders then the card company will have to write it off.....
Wiki User
∙ 16y ago
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Who is responsible for credit card debt when there is no estate?
Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.
Who is responsible for a home equity line of credit after death?
The estate of the deceased.
Who is responsible for your credit card debt after your death in Mississippi?
The estate is responsible for the credit card debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, they may not get paid.
Is the estate responsible for medical bills after death of the person?
Yes. The estate is responsible for all debts, including medical bills.
Who is responsible for Spouse credit card after death?
The estate of the credit card holder. If the surviving spouse was an approved user, or co-signee they would also be responsible.
Will wife have to pay credit card bill in death if no estate if not in her name?
The estate is responsible for the debts of the decedent. Send a copy of the death certificate in with the bill to notify the creditor of the death.
Will you have to pay wifes credit card bill after death?
Only if your were a co-applicant. If not, your wife's estate is responsible for paying the debt. If she has no estate, send the credit card company a copy of the death certificate and let them know that there will be no estate set up.
Who is responsible for credit card debt after death in Georgia?
In Georgia it will be the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.
Who is responsible for credit card debt in KY after a spouses death?
For Kentucky the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any any remainder distributed.
Is child responsible for parents credit card debt after death?
I think that would be paid out of the estate and not by the child.
Is your estate responsible for your credit card debt after your death?
Answer: Your estate is responsible for all of your debts when you die. The assets don't always cover the debts but any creditor can file a claim against the estate for money you owed them.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
