2006-06-07 17:36:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
the bill will be paid from your estate
2006-06-08 03:25:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
WHEN A PERSON DIES THEY USUALLY LEAVE SOME THINGS BEHIND. THIS IS CALLED AN ESTATE.
WHEN THE ESTATE GOES THROUGH PROBATE CREDITORS RECEIVE NOTICES TO FILE CLAIMS AGAINST THE ESTATE AND THEN THE PROPERTY GETS SOLD AND TE CLAIMS GET PAID. IF THERE IS NOTHING OF VALUE THEN THEY JUST WRITE IT OFF TO BAD DEBT.
2006-06-08 07:02:52 · answer #2 · answered by icsowesmemoney 3 · 0⤊ 0⤋
That depends on what your will says. If you die without a will, then probate will pay off the debts first.
2006-06-08 08:10:52 · answer #3 · answered by kathy059 6 · 0⤊ 0⤋
Because it was unsecured it is uncollectable when the person dies.
2006-06-07 17:46:38 · answer #4 · answered by skyman72000 1 · 0⤊ 0⤋