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What happens when there bills but no money or property to sell and the person dies?
Wiki User
∙ 17y ago
Check with an attorney on this...however, speaking from experience if the person is an unmarried/widowed parent the bills just don't get paid. The children of the deceased are not obligated to pay them UNLESS they are on the accounts too. If the person was married and the spouse is still alive then the spouse becomes responsible in most states. There is lots of information on the Web regarding these questions...I have found a ton of information here in the last few months regarding this. Also, most attorneys will give you a free consultation. Don't sweat this. It's bad but it's not the end of the world...it happens.
Wiki User
∙ 17y ago
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What happens if you foreclose?
You get your property back and get to keep any money already paid for it.
What happens when you have your mobile home repossed an you still owe money?
do you owe money for a mortgage with a bank. if so then that is why the bank repossed your property in the first place, and the sale at auction will be at a price where the bank sells your house for the amount of the note you have with them. if you owe money to credit cards you are still liable to pay . any other bills you have no matter for whatreason you owe them, the only out you have is to declare bankrupcy and all your bills will disappear, if you want you can reapply for credit cards after 2 years and start all over again.
What happens if you unknowingly bought a car that had a loan on it and the loan is not paid off can they repossess the car?
YES, they can. The person who sold the car can be charged with selling mortaged property(felony in most states).You will be out your money. best to take the car back to the seller and get your money back while you have a chance.
What happens if the home fails to sell at the foreclosure auction?
by definition, a foreclosed property has to have someone file the foreclosure usually due to them being owed money and the property is security on the property. This is not cheap or free. Hence, there is always a "buyer" out there which is often the lender.
How can a person receive assistance with utility bills?
A person can receive assistance with utility bills by applying for welfare. They will give you an application to fill out so you can write down all the people in your household, how much your bills are, who works in your household, how much money a person makes in your household, and a few other questions. You could get a coupon for maybe 1/4 - 2/4 or what ever your household qualifies for. Good luck!
What happens to my credit card debt after I die if I have a power of attorney?
If you have money or property - the bills will be paid. If you don't have any money the bills won't be paid.
In Ontario what happens to your credit card balance when you die?
In almost all jurisdictions, any money owed by a deceased person is payable from the assets of that person. Typically, money held in a bank account for that person can be used to pay outstanding bills but funds from other assets such as physical property, houses etc can be used. If there are no assets (the deceased had no money and no property of value) then the amount owing on a credit card will be written off. In this case, his relatives are not responsible for the debts.
Can a lien be put on a property where executor borrowed your money after person died to pay estate bills for another property?
You need to consult with an attorney ASAP and bring with you any loan agreement signed by the executor.
What happens if you unknowingly got counterfeit money and used it to pay bills?
Any counterfeit money has to be turned over to law enforcement. There will be an investigation and if it is determined that the person did not know the money was counterfeit there would not be any charges. The person does forfeit the money but they can file a petition for the remission of the money.
What happens if you wash us dollar bills?
The money becomes clean.
Is money personal tangible property?
Money is considered personal property and personal property is part of a person's estate.
What happens when you don't pat bills and shopkeepers can testify that?
You owe the shopkeepers money, simple as that.
What if you are listed on someone else's bank account and you have to file bankrupt?
What about it? If you are listed on a parent's or child's account to assure bills are paid in the even something happens to the other person, and you have contributed none of the money in the account, the trustee probably will let you claim it as property in trust for another. Otherwise, half of it counts as your asset.
What happens when your parents are deceased and there is no money left in the estate to pay for medical bills?
If there is any other property such as real estate then it must be sold to pay the debts. If there are no assets the estate will be deemed insolvent by the court and the creditors are out of luck.
What happens when you rob someone in Mafia Wars?
If you win you gain money from property. If you lose, you lose money. If you repeatedly attack the same person's property, you annoy them and they will repeatedly place you on the "hit list." So, rob once and move on if you're smart. There are better ways to make money and gain experience.
What happens if you foreclose?
You get your property back and get to keep any money already paid for it.
How do you bundle money for the bank?
$1 bills = $100 money bundle $2 bills = $200 money bundle $5 bills = $500 money bundle $10 bills = $1,000 money bundle $20 bills = $2,000 money bundle $50 bills = $5,000 money bundle $100 bills = $10,000 money bundle
