if you are a joint user(you signed papers) then NOPE you're just as responsible. If you are an authorized user that may be different ans something to check into.
The estate is responsible for the sole debts of the decedent. If there is no estate then the creditors are out of luck.
They have the same rights as they have with an estate that has a will. The creditors file their claims with the executor.
Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.
They are the responsibility of the estate. They are either paid or the creditors are left without payment.
No, you have to follow the legal procedure before the estate can be settled. If a person uses the money form an estate without going through these procedures they are committing a crime and will be liable for the losses to creditors.
It will be a negative mark on your credit file, furthermore you will have no money and it is unlikely there will be any remaining funds to pay your creditors because any funds will be used by the trustee to repay the creditors noted in your bankrupt estate.
If the surviving spouse did not sign the credit card agreement then they are not responsible for it. However, the creditors could still come after the deceased spouse's estate (i.e. life insurance) for the balance of credit. You probably want to ask an estate attorney that question.
Generally, yes. If the decedent left no assets their creditors are out of luck.
If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.
Your father's creditors should be paid from his estate. His bank account is part of his estate. According to law the creditors get paid first. If a creditor should discover that you spent assets left by the deceased they could seek a judgment against you.
No. Unless you agreed in writing to be responsible for your mother's debts, her estate will be responsible. If there is no estate the creditors are out of luck.
Tell the credit card company that the card holder is deceased. They do have some rights in some states to collect the money owed from the deceased's estate. They can sue the "estate" for the money owed. Note: a life insurance policy paid to the widow is NOT his estate.