Created the debt that King Louis XVI inherited.
No. They accept credit/debt card or pay pal.
It is not 'passed on.' However, the debt does take the value out of the estate. That means the children will inherit less.
Only if you want clear title to the property. If you fail to clear the lien, the property can be sold from under you. If the lien holder does not forclose you will still not be able to sell the property until the lien is satisfied. Just pay the debt, especially if it is valid. When you inherited the property, you inherited the debt.
Don't confuse the national debt with the national deficit. The national debt is the accumulated debt carried from year to year. The deficit is the difference between tax revenue and government expenditure in a given year. Clinton was able to get expenditures below revenus while he was in office (known as a budget surplus), but he was not able to eliminate the debt. Clinton inherited a massive debt from GHW Bush (which he inherited from Reagan), and passed an only slightly smaller debt to GW Bush.
He had inherited a large National debt and had increased it by supporting the American Revolution.
He inherited a minor French debt and passed on a nation in financial crisis.
The debt has grown about 25% during President Obama's administration, due mainly to the recession, the Bush tax cuts and two wars which Obama inherited.
No. Debts of one person are never inherited by heirs or beneficiaries under a will
she is not free yet. Court did not absolve her.
He inherited a minor French debt and passed on a nation in financial crisis.
They usually will. they will give a minimum amount they will settle for.