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Generally the assets of a decedent, such as his property, estate or trust are liable for his debts before the assets are distributed to heirs. Death does not extinguish a debtor's obligations.

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โˆ™ 2006-04-03 17:33:10
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Q: What happens to liens and judgments when the debtor dies?
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Related questions

What happens to savings when a person dies?

Depends on if they have a will or not. Also if they have any outstanding liens or judgments against them. You need to check with the laws in your state as far as claiming a relatives monies. You may have to post an ad in the paper making claim to the cash so you put others on notice, etc. Check it out.

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If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.

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