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What else can I help you with?
Is a personal representative liable for the decedent's debts when there is no estate?
The personal representative is not responsible for the debts. The estate pays the debts.
What do you call a woman who pays her debts with sex?
A prostitute.
What happens when no estate and no insurance who pays debts?
The decedent's estate is responsible for the decedent's debts. If there are no assets the creditors are out of luck.
When parents die who pays mortgage?
The estate of the parent 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. However, a mortgage runs with the land. If it is not paid, the lender will take possession by foreclosure.
Why belief should be followed?
Whoever pays his debts at night will become poor...
What are the UK laws regarding the debts of a deceased person Who pays them off?
The estate of the deceased is responsible for paying all the deceased's lawful debts.
Who pays for my debt after i die?
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.
Do debts die with you in UK?
Your estate is responsible for paying your debts.
Who is responsible to pay a credit card if the person dies?
The person's estate pays for all outstanding debts.
Who pays bills when your son dies no will no money?
Your son's estate has to pay off the debts. If the estate is unable to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who pays your debts if there is no estate or will?
All the more reason to open an estate. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
Who pays the debts of a LLP?
The partners of the LLP are responsible for the payment of the debts. However, the personal debts of the partners cannot be touched upon for the debt recovery unless the case is of the fraud or cheating. The recovery is only done from the capital contribution of the partners.
