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Your estate pays your debts after you die. If there is not enough, tought luck for the creditors. The only way for the debt to be passed along is if there is some contractual obligation on the part of another person. Such things would be co-signing for a loan, joined owned credit cards, joint owned loans (such as a house), etc.
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Who pays for your debt if you die if your estate doesn't cover it?
your family
What time does Gregor die in the metamorphosis?
when he pays off his parent's debt
Who pays credit card debt if you die?
The debt will be paid from your estate. If there isn't enough, then the debt is discharged. The debt itself will not pass on to next of kin but a sizable debt might mean none of the deceased's estate does either.
Who pays the debt if your partner dies?
nobody
Who pays interest on the national debt?
The people do.
How does a serf become a freeman?
he pays his debt to the person he serves
Who pays the credit-card debt of a deceased person in Ontario Canada?
The estate pays. If nothing in the estate they do not get paid.
Explain the procedure to be followed when a customer whose debt has to be previously been written off as a bad debt subsequently pays the amount originally owing?
Explain the procedure when a customers has been previously written off as a bad debt subsequently pays the amount originally owing .
Under the articles of confederation who pays for any old war debt?
The States
What do you call it when someone pays back a loan quickly?
A sudden debt pay off is when someone pays back a loan quickly.
What if a person dies before paying off a school loan?
The estate pays the debt
When a person die with a federal tax lien who pays it?
1 alL the dead persons estates are sold 2 pretty much anything and everything is sold for the money 3 the debt is released.
