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You have to pay them before any of the estate can be distributed to the heirs. If there isn't enough, the debtors are out of luck.

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17y ago

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What is chapter 7?

Chapter 7 bankruptcy protects you from creditors and sells your non secured assets to pay the creditors that you owe. If you do not own an assets, you will not have to pay the creditors and the debt will be forgiven.


What is Creditors Collection Period?

The creditors' payment period is an activity ratio. It measures the average amount of days the business takes to pay its creditors i.e. suppliers. The more days available to pay the better.


When can the creditors repossess your vehicle?

When you don't pay for it.


Can debt collectors make a beneficiary pay the decedents debts?

The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.


Can a decedents son use the decedents debit card to pay her funeral expenses?

No, that is fraud and identity theft. The card's usage must cease when the owner dies. Even if that person allowed their son to use the card, that ends on death.


What happens to the decedent's debts if there is no money only the home?

Generally, the home must be sold to pay the creditors. If the heirs want to keep the home then they must pay off the creditors.


What if I am disabled and can't pay my creditors?

what is the orgin of dark horse


Do you have to pay creditors after you refinanced your mortgage chapter 7?

yes


What made it easier for debtors to pay their creditors?

Paper money.


liquidators has rs.: 2,10,000 to pay to creditors. he is entitled to get 5% remuneration on the amount paid to creditors. in such a situation liquidators remuneration will be?

1000000


Who is Sarah Jeffery?

She is Audrey from decedents she also acts in different shows


What would've made it easier for debtors to pay their creditors?

Paper money.