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Who is responsible for a debt if the credit card company of the deceased turns the unpaid balance to the collection agency for the family to pay but there is no spouse or children?
Wiki User
∙ 17y ago
If there is no inheirator of the deceased's estate no one is responsible. However if you have inheireted the decease estate and accepted that then you also have to accept the debt. Payment of debt should come from the estate of the deceased. If the estate of the deceased is without sufficient resources to pay the debts and the deceased does not have joint obligation with anyone, the total of debt should be added together and the estate should be divided equally among the debts. If anything is left after paying all debts of the deceased, the remaining resources can be divided among suvivors or beneficiaries.
Wiki User
∙ 17y ago
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When the loan company sells a deceased person's car but doesn't cover the amount of the loan is the estate responsible for the balance?
Yes, but it does depend on what Country you are in!
Are siblings responsible to creditors with a negative balance estate?
In most cases the debts of the deceased are the responsibility of the estate. Siblings are not responsible for the debts. Anyone that may have been a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
What is responsible for balance?
Vestibular apparatus from the middle ear is mainly responsible for balance.
Who is responsible for confirmping your bank account balance?
who is responsible for confirming your bank account balance
Is the survivor of a joint checking account responsible for the deceased credit card debt?
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance.
Which unit of the brain is responsible for the sense of balance?
Balance and hearing both derive from the same organ, the cochlea, therefore the auditory center of the brain is also responsible for perceiving balance.
Who pays off the balance of a deceased credit card person?
Typically, the estate of the deceased individual is responsible for paying off any outstanding balances on credit cards. If the deceased person has a joint account holder or a cosigner on the credit card, they may also be responsible for the debt. In some cases, credit card companies may write off the debt if there are no assets in the estate to cover the outstanding balance.
What mineral is responsible for fluid balance?
sodium
Who is responsible for confirming your bank account balance?
you
Can a collection agency report a collection and then not update it?
In Part: No it has to be updated if the balance is revolving and going up or down monthly.
An unrecorded credit memo for collection of a note should be?
added to bank balance
Is wife who didn't sign vehicle contract in Arizona responsible for deceased husbands repo deficiency balance?
Like it or not, Arizona is a community property state, and the estate must pay up to clear any debt. Perhaps you can arrange a payment plan.
