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Father died owns a travel trailer car trailer and a truck all with debt there is no money who pays the debts?
Wiki User
∙ 14y ago
If the items are not paid for, they will get reposessed by the bank and then the bank will sell them
Wiki User
∙ 14y ago
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What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
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.
What if your father has died and owes water rates can they pursue you for the money?
They can go after the estate. Which means if an estate wasn't opened and debts resolved, they are coming after you.
Why did allan poe join the military?
Poe had run up about $2000 in gambling debts while at the University of Virginia. His foster father, John Allan, refused to give Poe any money to pay those debts or to pay for tuition. Poe was forced to leave the University and enlist in the army under the name Edgar A. Perry in order to earn money to repay the debts.
Do I as personal representative have to pay medical bills that I do not have money for?
The estate is responsible for the debts of the decedent. However, you should seek the advice of an attorney if there is money but not enough money to pay all the debts. There is a legal scheme by which debts must be paid.
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 is money that has value because the government has established it as acceptable for payment of debts?
representive money.
Can money will to a benefitor be used for estate without the benefitor's approval?
Yes. All debts of the estate must be settled before any money can be distributed. If there are more debts than there are money, no one will inherit anything.
In Texas must a home in probate be sold?
No, it does not have to be sold. But the debts have to be settled and if there is not enough money to resolve the debts, the home will have to be sold.
How to spend money to get out of debt?
Create a list of your debts. Pay off the small ones first, then get rid of your larger debts.
If you are the beneficiary of your father's life insurance can your brother get the money?
Not unless your Father split it up. If he has you listed, the money will go to you. Be sure to remember, any debts, funeral costs etc. will still need to be paid even if your Father passed away. * Death benefits from life insurance belong solely to the named beneficiary. The benefits are not subject to probate procedure nor can they be attached by creditors for debts belonging to the deceased. Surviving family members are not responsible for any debts of the deceased unless they have accepted that responsibility in a written contract or are a joint holder of the debt. The exception in some instances would be a surviving spouse when the couple resided in a community property state at the time of death.
After claiming deceased moms tax refund can you spend the money?
It is a part of the estate. It needs to be included in the assets and used to pay off any debts. If there are no claims or debts, then the beneficiaries will get the money.
