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Who is responsible for your parent's credit card debts if they are in an assisted living facility and there is no money to pay the debts?
The credit card holder is responsible for the debt. If it is the parent, they are the ones that should pay it. If it is you, you should pay it. If there is no money, you may have to declare bankruptcy. The account holder is responsible for the debt. Social Security and most private pensions are exempt from creditor attachment. It may be that they are "judgment proof" meaning that he or she (they) do not have assets or property that can be attached by a judgment creditor. The best option is for the person to consult with an attorney who is qualified in debtor-creditor or elder law before they consider any other action especially bankruptcy.
Will a credit card company consider an elderly borrower's advanced age when deciding whether to sue over credit card debt?
No. The only issue the creditor is interested in is if the debtor has assets which can be seized for the debt owed. Creditor's really do not care if a person is elderly, ill, disabled, and so forth, they simply want their money. All debtor's are allowed to protect specific types and amounts of property according to the exisiting laws of their state of residency from creditor attachment and/or seizure.
What happens to credit card debt for someone in a nursing home?
Being in a care facility does not make someone immune to creditor/collector actions. Although people in such a situation generally do not have assets that a could be subjected to creditor attachment. It would be advisable to review the person's financial status to determine if they are "judgment proof" under the laws of their state of residency. If there is a POA (that is not limited) in place, they should take on the responsibility of notifying creditors if they find it to be in the best interest of the person they represent. The person with the POA might want to consider obtaining legal advice before taking any actions.
What happens in GA if you are put in nursing home and no longer can pay your credit card the agency is saying it will be turned over to an attorney because several charges were made in the last year?
They can certainly turn it over to an attorney, but if there are no assets than they can't be paid. I would suggest contacting the company directly and explaining your situation. If they can't or won't help you, then simply imply that you will declare bankruptcy and this should ease, if not end, the calls.
Are children responsible for parents nursing home debt in NY?
In New Jersey the debts of the deceased are the responsibility of the estate. However, if one of the children was also a co-signer on any of the agreements they might also be responsible. Consult a probate attorney in your jurisdiction for help.
Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Are you responsible for your dead spouses credit card debt if you own a house together?
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
Is your husband responsible for your credit card debt?
nomally
Who is responsible for credit card debt incurred without marriage?
Whoever owns the credit card
If surviving spouse is insolvent is she responsible for credit card debt in Arizona a communty property state if her name was not on credit card and she never used credit card?
The estate is primarily responsible. However, a spouse is normally considered to benefit from such debt and can be held responsible.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
In Illinois is your wife responsible for your credit card debt if the card is in your name only?
No
In New Jersey is a spouse responsible for the credit card debt of her husband if the credit card is solely in his name?
No.
Who is responsible for brothers credit card debt if he becomes incoherent?
You
