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How do you word notice you are no longer responsible for someone elses debts?
Wiki User
∙ 11y ago
It is called 'Notice to Creditors" and if you Google it for your state, you can copy the formats there. There you will find actual newspaper notices.
"I,_______________am not responsible for _______________'s debts." However, there are legal issues surrounding credit/debt, such as who's name is the debt against. Just because you give a person this notice won't necessarily stop any action(s) taken against you: it is not a legal document, there is no official record of the facts (amount of debt, when incurred etc. and no official record of service (that the notice was given to the person) and will not stand up in court if it comes to that (and it may--or may not, but treat this situation as if it may). Check with your local law library (usually at the county courthouse) to see if there's a particular form you can use or if there's a specific procedure so that you can have a legitimate factual record of the situation, and file it at the court house; if not, there is a "Declaration" form which is just a legal way of declaring "these are the facts, this is what happened, I am not responsible for ______'s debts" which you may be able to use for this purpose, *check with an attorney or legal professional* first, the law librarian or nolopress.com. If it is your signature alone on a credit card, car registration etc, you alone are responsible, even if it was someone else who defaulted.
Wiki User
∙ 11y ago
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What if there are no estates will the children have to pay debts left by parents?
A person's estate is responsible for their debts unless someone else agreed to pay them.
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible to pay back all debts?
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Is an adult child of a deceased parent responsible for foreclosure debts?
Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.
Is a beneficiary responsible to pay debts?
No a beneficiary is not responsible. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
How do you words a notice for not responsible for someone debts in a newspaper?
"We hereby declare that we are not responsible for any debts or liabilities incurred by [name of the person] in any capacity. Any financial obligations or agreements entered into by [name of the person] are their sole responsibility."
Who is responsible for a loan if both the borrower and guarantor have died?
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Who is responsible for a person's medical debts after death?
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What if there are no estates will the children have to pay debts left by parents?
A person's estate is responsible for their debts unless someone else agreed to pay them.
What statement about corporations is not true?
their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
Your sister committed suicide and made you executor she has debts are you responsible?
No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.
Are parents responsible for deceased children debts?
It is not the parents but the estate that is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone will not get paid and the heirs may get nothing.
Is an executor personally responsible for past bills of the decedent who died on medicaid?
No the executor is not personally responsible for debts. The estate is the responsible party. One of the primary reasons someone should open an estate is to resolve debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
If someone dies in debt how is the debt paid off?
When someone dies, any debts they leave are paid out of their 'estate' (the money and property they leave behind). You're only responsible for their debts if you had a joint loan or agreement or provided a loan guarantee - you aren't automatically responsible for a husband's, wife's or civil partner's debts.
If a general partnership fail who is responsible for the debts?
All of the partners are responsible for the debts.
Are children responsible for deceased parents credt card debts?
Children are not responsible for their parents debts unless the co-signed for them. One of the primary reasons someone should open an estate is to resolve debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
