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What else can I help you with?
What happens when you die owing money for credit cards and utilities?
The debt is given to your closest relatives
If you die what happens to your debt?
family
What happens when parents die and their debt is more than the assets by over 60000 in credit card debt and is this debt cancelled?
the debt dies with them... you owe nothing
What happens to consumer debt once dropped from a credit report?
They die
What happens to your money when you die in the UK?
If you die without having any relatives, and have not left a will - your estate goes to the treasury.
What happens to student loans if the student dies?
The debt is thrown out as if it never existed, it does not under any circumstances get passed on to any relatives or significant others. I have never heard of any lender that would walk away from a legal debt. Unless the federal rules allow for a write of of the debt, then the estate [if there is one] would be held liable for repayment of the debt. I agree with answer 1 in that the debt will not pass to relatives or a significant other, UNLESS one of those persons was a co-signer on the loan.
What happens when debt can't be validated?
Legally there is no debt, if it can't be validated.
What happens if you die and your debt is greater than your estate?
Funeral expenses get paid first. Medical debt related to death usually next. The rest is divided up (usually) pro rata.
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.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
You owe money if you die is the debt over?
No the debt passes on the the heirs of the estate.
In Colorado what happens to your debt and car loan if you die?
Someone, normally a family member, will be appointed as executor of your estate. That person is in charge of your assets and debts as allowed by law.
