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Who is responsible for a loan if both the borrower and guarantor have died?

The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.


What statement about corporations is not true?

their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts


Who is responsible for expenses while a home is in probate?

The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.


Your sister committed suicide and made you executor she has debts are you responsible?

No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.


If a general partnership fail who is responsible for the debts?

All of the partners are responsible for the debts.


Who is responsible to pay back debts?

The government is responsible to pay all back debts.


Who is responsible for your mother's debts if she dies without a will in Texas?

The estate is responsible for the decedent's debts.


Who is responsible to pay back all debts?

The government is responsible to pay all back debts.


When senior dies are siblings responsible for any outstanding debts?

Siblings are not typically responsible for debts unless they signed for them. The estate has to settle the debts.


Will become responsibe for adult son's debts become executor?

The estate is responsible for the debts of the deceased. The executor is not personally responsible for them.


Are parents responsible for debts of a single adult child after death?

The decedent's estate is responsible for the debts of the decedent.


Who is responsible for debts when a parent dies in Mississippi?

The estate is responsible for the debts. Until they are resolved, nothing can be distributed.