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The estate has to pay off the debts possible. If the estate cannot do so, they distribute the amount as best they can. If the court approves the distribution, the debts are ended.

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14y ago

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What do you do with a dead spouses credit card debit?

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.


Why is it not possible to have a credit balance brought down in the cash column of a cash book?

Beacause its an asset and it's just impossible to have a credit cash balance bank could have a credit balance when bank overdraft is given. IF ANYONE HAS A BETTER ANSWER PLEASE EMAIL AT kaleytube@gmail.com


What are the benefits of low credit card balance transfers?

Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.


Where can one find a credit card with no balance transfer fee?

One would start by asking his local banking operation for such a credit card. Failing that, one could look into acquiring prepaid credit cards that have no balance transfer fees.


Why supplies could not have a credit balance?

Supplies typically cannot have a credit balance because they are classified as current assets on the balance sheet. A credit balance in supplies would indicate a liability, suggesting that the company owes more supplies than it possesses, which is not a normal or acceptable situation. Instead, supplies should maintain a debit balance, reflecting the value of inventory available for use. If a credit balance appears, it may indicate an error in accounting or a need for further investigation.


Does your credit card debt die with you?

No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.


Does credit card debt die with you?

No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.


When does a debtors account have a credit balance?

goods in transit a debtor(customer) could also be a supplier(creditor)


Is it possible for the cash account to have credit balance?

It could be possible for the cash account to have a negative balance. This could occur if they wrote a check out for more money than they have. This would not be a good situation for a company!


Can a bank who holds a mortgage on a decedent's property file against the estate and also turn the debt over to a collection agency at the same time?

Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.


Your mother died 5 years ago in California and the estate was closed a year later so are you still liable for credit card debts as the sole beneficiary of her estate?

How could the estate be legally closed if there were still outstanding debts owed? Sounds like someone didn't do the job of running the estate properly. There could be a legal reason for the creditors to ask the estate to be reopened.


How do you find garnishment balance?

You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.