2006-08-30 12:16:15 · 10 answers · asked by fnh12345 2 in Business & Finance ➔ Other - Business & Finance
If your debt isn't jointly held and there is no estate, NO DEBT!
There is nothing to get it out of. Your survivors are not responsible for your debt. However, if your debt was jointly held, in that case the portion that is applicable to the survivor has to be paid by the survivor.
P.S. That's quite a question, hope you are okay.
2006-08-30 12:26:06 · answer #1 · answered by Notorious 4 · 0⤊ 0⤋
Your debit? I think you mean your debts. At least in theory your creditors get first dibs on what you leave behind. They aren't likely to be interested in your clothes or furniture, but things like bank accounts, real estate and securities will be of great interest to them. To keep it for your family, give it away at least 30 days before you die.
2006-08-30 19:29:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Debit? or is it Debt? I heard that the family would be responsible, but that makes no sense if they were not the person liable for the debt.
2006-08-30 19:21:38 · answer #3 · answered by missdontgivafukusa 3 · 0⤊ 0⤋
your assets will be sold and the proceeds will be used to pay debts
if yo uowe more than u have, and you have no co-signers etc. then the creditors are s.o.l.
if you have co-signers, co debtors, they may have to assume the debts
2006-08-30 19:22:15 · answer #4 · answered by capollar 4 · 0⤊ 0⤋
If you have insurance than that covers it usually but otherwise i think you leave it to your family.
2006-08-30 19:21:23 · answer #5 · answered by ....... 2 · 0⤊ 0⤋
Familey or spouse
2006-08-30 19:21:40 · answer #6 · answered by sweetgirl 3 · 0⤊ 0⤋
It would come out of your estate.
2006-08-30 19:29:12 · answer #7 · answered by Papa John 6 · 0⤊ 0⤋
They will be left to be paid by your "estate".
2006-08-30 19:22:04 · answer #8 · answered by kitty.hicks 3 · 0⤊ 0⤋
I'ts your families problem if you don't have insurance
2006-08-30 19:32:14 · answer #9 · answered by Anonymous · 0⤊ 0⤋
some will be crying at your funeral
2006-08-30 19:21:26 · answer #10 · answered by HEY boo boo 6 · 0⤊ 0⤋