No. In general, you are responsible for your debts, those that you have agreed (in writing) to pay for another, and those of certain relatives (spouse, minor child)
No. The father's estate is responsible for his debts. If there is no estate the creditor is out of luck.
Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.
No. You are responsible for your debts. You are both responsible for joint debts. Your spouse is repsonsible for your spouse's debts. This is regardless of when you get married or when the debt is acquired. There are a few exceptions such as burial expenses, nursing homes, estates, tax l iens, etc. But for regular consumer debts pertaining to loans and revolving credit, only the person who signed the application for credit is repsonsible for the debt incurred.
He has a girlfriend. One can only assume he broke up with his previous girlfriend prior to establishing the new relationship.
If he put your name on the cards so you could use them, you're responsible for all charges you both made. If your name isn't on the cards you don't have to pay.
I'm sure that it's possible but they have never had any prior relationship contact.
no nobody is responsible
No. A spouse is not responsible for their spouse's debts that were incurred prior to marriage. The only debt that can be shared post-marriage that was incurred pre-marriage would be debt on an account that you became a joint account holder on after marriage.
The estate is responsible for the debts of the deceased. None of the assets can be distributed until the debts have been paid. The bank has a prior lien on the property. The foreclosure of that mortgage will not affect the heirs in any way except to deprive them of inheriting the mortgaged premises. If the heirs wish to maintain that property then they would need to negotiate with the bank and pay off the mortgage. The foreclosure will not affect the credit records of the heirs.
Yes, you are under the law married couples are considered one unit, that makes you responsible for eachother. * No. Not unless the surviving spouse signed an agreement to do so. The only time spouses are responsible for each others debts is if the debts are incurred jointly or the couple resided in a community property state, Illinois is not a community property state. (Macky)
If there are debts, the estate is responsible. The executor will have to value the assets and then pay off the bills. If there is anything left, they will distribute it.
The Resource/Financial Manager is responsible for ensuring fund availability prior to purchase.