0
What else can I help you with?
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 when a person dies and is owed money by a friend. Is the debt written off?
The debt moves to his closest family member.
What happens when someone dies owing the IRS?
When someone dies owing the IRS, their outstanding tax debt becomes part of their estate. The executor or personal representative of the estate is responsible for resolving the debt, which may involve using assets from the estate to pay off the taxes owed. If the debt exceeds the value of the estate, the IRS may be willing to negotiate a settlement or payment plan with the estate's representative.
What happens when someone dies in your car do you get paid?
no
What happens when a person dies and is owed money by a relative?
If the debt is evidenced in writing it is the obligation of the executor to collect the debt owed to the estate.
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.
Does owner of quit deed pay mortgage if mortgagee dies?
Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.
What happens to the power of attorney when someone dies?
When someone dies, the power of attorney becomes invalid and no longer holds any authority.
If someone dies and they had a no bail arrest warrant what happens?
Nothing
Is it true that baptism happens just before someone dies?
no
What happens to credit card debt when a person dies in Florida?
It becomes part of the probate procedure of the deceased's estate.
What happens if a co signor dies before the loan is paid?
The other signatory on the loan is now fully responsible for the debt.
