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The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
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Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Who is responsible for credit card debt when a person dies in West Virginia?
the deceased' inheiritance
Who is responsible for credit card debt of deceased family member is there is no estate or money?
blah
Are you responsible for the debt if you are a 'card holder' on your deceased father's credit card account?
If you have a card with your name on it usually you are considered a joint account holder and are responsible for the debt incurred on that account. If a consumer is listed as an authorized user (they do not have a card with their name) he or she is not responsible for the debt.
If a credit card holder has a judgment and dies who is responsible?
No one. The person left is not responsible for the debt. The credit cards want people to think that the family owes for the deceased debt, but they don't.
Are adult children responsible for credit card debt of a deceased parent who had no estate and who lived in the state of Pennsylvania?
No.
If you live in Louisiana is a wife responsible for the credit card debt of her deceased spouse when the account was in his name only?
No... No...
Does interest accrue on credit card debt after card holder is deceased?
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
Is the beneficiary of a life insurance policy responsible for the deceased credit card debt?
Not that I know of.. What does one thing have to do with the other?
Is the spouse responsible for the deceased credit card debt in Illinois----Will they take it out of the estate?
Yes the debt is paid out of the estate. If the spouse was a partner in the debt, they can be responsible. If they had a card in their own name, they may have to pay. Consult a probate attorney in Illinois.
Are you responsible for your deceased parent's credit card debt?
If the estate has any assets, the estate should pay for the debt before anything is passed on to the heirs. If there are no assets the credit card company will just have to write it off. You are not held responsible unless you co-signed for the card.
How can a credit card company collect debt from spouse of deceased in Missouri?
It is certainly possible. It will depend on how the credit card was set up. If it was obtained under both names, both parties can be held responsible for the debt.
