The executor presents a plan to the court showing what debtors will be paid and what amounts they will get. If the court approves, the payments are made and the estate is closed. The rest of the debt will get written off as a loss by the debtors.
The executor will show the plan to the court. It will include all debts and all assets. If the debts are more than the assets, the debts will be cancelled.
A good debt to assets ratio for a company is typically around 0.5 to 0.6, which means that the company has more assets than debt. This ratio shows how much of a company's assets are financed by debt, with lower ratios indicating less financial risk.
The estate is responsible to pay out the proper values to the beneficiaries. They have no reason to give more than the fair share toward anyone receiving assets.
A good debt to total assets ratio is typically around 0.5 or lower. This means that a company has more assets than debt, which is generally seen as a positive indicator of financial health.
The debt ratio average for a company is a measure of how much of its assets are financed by debt. It is calculated by dividing total debt by total assets. A higher debt ratio indicates that a company relies more on debt to finance its operations, while a lower ratio suggests a more conservative approach.
The estate has the responsibility. And the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse really ends up paying the debt. If there is more debt then assets, the debt will normally be closed out.
The executor will show the plan to the court. It will include all debts and all assets. If the debts are more than the assets, the debts will be cancelled.
The executor is not personally responsible for the debts. If the estate is not sufficient, the debtors will not get paid in full.
A good debt to assets ratio for a company is typically around 0.5 to 0.6, which means that the company has more assets than debt. This ratio shows how much of a company's assets are financed by debt, with lower ratios indicating less financial risk.
The estate is responsible to pay out the proper values to the beneficiaries. They have no reason to give more than the fair share toward anyone receiving assets.
A good debt to total assets ratio is typically around 0.5 or lower. This means that a company has more assets than debt, which is generally seen as a positive indicator of financial health.
The debt ratio average for a company is a measure of how much of its assets are financed by debt. It is calculated by dividing total debt by total assets. A higher debt ratio indicates that a company relies more on debt to finance its operations, while a lower ratio suggests a more conservative approach.
the debt dies with them... you owe nothing
To become debt free without assets, you can start by getting a job and paying your bills. Set up a budget and follow it. Be sure to include savings and investments. Do not add any more debt!
Your mother's estate is responsible for her debts. The debts must be paid off before any money can go to the heirs. However, if she had more debts than assets, the heirs are not responsible for the difference.
Children are never responsible for their parents debt, unless they co-signed for the debt. Those bills are the responsibility of the estate. The executor will pay them or inform the debtors of the lack of assets.
embezzlement