debtors,stock,bills receivable etc
It depends on the terms but most are 10 to 30 days of delivery.
No, you are not responsible for the bills. His estate is responsible, whether there are assets or not. If there are no assets, they creditors do not get paid.
No. That's highly illegal.
One's financial assets are becoming less than what is due in bills.
Payment of account payable will reduce the total assets. When you pay your bills, you take money out of your account.
1 - Cash 2 - Inventory 3 - Bills receivable etc.
Not directly, but indirectly. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, you may have to sell the house or other assets.
No and Yes. The estate is responsible for the medical bills of the deceased. And since the spouse is normally the recipient of the estate, the bills will affect how much the spouse will inherit. Some of the assets, such as property held as Tenants in the Entirety, becomes the property of the spouse. Other assets may have to be liquidated to pay the bills, including medical expenses and funeral costs.