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I don't think they had debt. Credit cards weren't invented yet.
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∙ 13y ago
Lydia Foth
Lydia Foth
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In a bankruptcy the priority debts -- the debts that the court feels should be paid first -- are paid then the unsecured debts are added up.?
true
Who is responsible for debts upon the death of a sole proprietor?
The debts are paid from the estate.
Do adult children have to pay off deceased parents debts from their inheritance?
The debts of the decedent must be paid by the estate. In fact, the debts must be paid before any assets can be distributed to the heirs.
Who paid for the pilgrim's trip to America?
Christopher Columbus
True or false In a bankruptcy the priority debt the debts that the court feels should be paid first are paid then the unsecured debts are added up?
true
Which debts should be paid off first?
For consumer debts, credit cards. Highest interest.
Is the Executor of the Will responsible for paying the debts of the deceased?
Yes. That is one of the duties of the executor. The debts must be paid out of the assets of the estate before legacies are paid to the beneficiaries.
Do you have to pay the debts of your parents if they die?
The estate of a decedent is responsible for the debts. The debts must be paid before any assets are distributed to the heirs.
If you were left money by your mom and your sister has not paid her own debts will they be paid before she gets her money?
Your sister's debts are not part of the estate. The estate's responsibility is to pay the mother's debts and distribute the remainder. What your sister does with her share of the inheritance is up to her.
What doctor bills have to be paid by the estate?
Any debts owed by the decedent must be paid by the estate.
Will the debt of the parents have to be paid by the children when they die?
The debts of the parents are paid by the parent's estate, not their children.
How do I pay off debts quickly?
You can start by paying off small debts then working your way to the bigger debts. You can use the money from paid off debts to double payments on bigger debts instead of blowing that money.
