I got an inheritance loan but am not receiveing anywhere near as much as I thought. I also have filed bankruptcy and put the inheritance loan company on it. Will the Estate or Executrix be penalized for my loan?
2007-04-24 11:09:44 · 2 answers · asked by curious 1 in Politics & Government ➔ Law & Ethics
Since it is an advance and not a loan, the lending company can't get money from the estate. The lender loses unless the person who filed for the loan gave false information. This all changes if the Executrix approved the loan and that requires contacting a lawyer.
Please note, you will still owe any inheritance taxes--you can't avoid that obligation with bankruptcy.
2007-04-24 11:28:42 · answer #1 · answered by CarbonDated 7 · 0⤊ 0⤋
Not unless they signed something that makes them responsible, and if they did, they deserve it for being stupid enough to sign it.
2007-04-24 18:15:05 · answer #2 · answered by open4one 7 · 0⤊ 0⤋