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What happens when you die and you have no heirs and you owe money?
Wiki User
∙ 14y ago
Generally, your creditor(s) may petition the probate court to commence a probate proceeding for your estate if you have left any assets. Then, the creditor can file a claim against the estate. If you die with no assets in your name, your creditors are out of luck.
Wiki User
∙ 14y ago
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If you owe someone money and they die do you owe the money to their estate?
yes you do, but maybe the heirs will forgive the loan that was made.
You owe money if you die is the debt over?
No the debt passes on the the heirs of the estate.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
What happens if parents die and owe money to the government but the estate has no money?
The government is not going to get their money. They will have to be satisfied that there are no assets in the estate and that no one else got paid.
What happens when you take out a loan?
You owe money
What happens to a debt you owe to a person that dies?
The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.
What happens when you owe a lawyer money and cant pay it?
They take you to court
Die oweing money on car?
Owe dying car off money.
How long does a lien last when the lien holder is deceased?
Different types of liens have their own statutes of limitations. The heirs of the deceased would inherit the right to collect the debt if they have proof the money is owed. Be aware that your debt doesn't die with the person to whom you owe money.
What happens when you don't pat bills and shopkeepers can testify that?
You owe the shopkeepers money, simple as that.
What happens when someone dies and they owe you money?
You can file a claim against their estate in probate court with proof of the debt. If you have proof of the debt and they have assets of value, you must be paid by the estate before any remaining assets can legally be distributed to their heirs. If they have nothing of value, than you have nothing you can claim from them.
What happens when you win prize money but owe child support?
nothing if no arrears exist see link
