2007-03-04 10:45:30 · 5 answers · asked by Jun P 1 in Business & Finance ➔ Credit
Theres alot of variables to simply say that they will or will not sell your things, hold family members responsible etc.
If you are married, you live in a non community property state, your spouse is not on your cards as a joint user, your home and vehicles etc are in both your and your spouses name - the debt basically dies with you.
If your spouse is on your cards as an authorized user - the debt still dies with you.
If your spouse is on your cards as a joint user - the spouse is responsible to pay.
If you live in a community property state, your spouse may be liable for your credit card debt.
If you have no spouse and no will, the estate would be divided up with the creditors, the state and any family members.
If you have no spouse and do have a will, the estate would be divided up between the creditors and the heirs.
2007-03-04 11:31:49 · answer #1 · answered by echo 7 · 0⤊ 1⤋
they get it from your estate.your debt is your debt. they cant come after a family member or spouse unless the spouse signed for the debt. if you and your spouse are co owners of a credit card u both are responsible. they cant go after someone who is just an authorized user.
2007-03-04 19:26:18 · answer #2 · answered by heybulldog 5 · 1⤊ 1⤋
Your creditors will sell your house, car etc to cover a debt. They won't remit your debt. Your relatives inherit the rest of your property.
2007-03-04 19:05:13 · answer #3 · answered by Eleonora A 1 · 0⤊ 1⤋
Typically, if you are single nothing and if married the spouse will be responsible whether their name is on it or not.
2007-03-04 19:01:11 · answer #4 · answered by piggletsmom 2 · 1⤊ 1⤋
It will be taken from your estate
2007-03-04 18:48:42 · answer #5 · answered by J R 2 · 1⤊ 1⤋