2007-08-12 10:09:17 · 6 answers · asked by Waxy 3 in Business & Finance ➔ Credit
The credit card companies can petition the estate for payment
Since it is unsecured debt, the estate can deny payment
2007-08-12 10:21:36 · answer #1 · answered by echo 7 · 1⤊ 0⤋
If there is money in the estate, then the estate pays all bills at probate.
If you are destitute and don't have any estate to leave, then the debts are written off by the credit holders.
Law varies by state about husband/wife situations where the wife can be left to pay off credit cards that were opened by the husband.
2007-08-15 01:16:46 · answer #2 · answered by Let me steer you 7 · 0⤊ 0⤋
I've thought about running up the credit card and then somehow go missing. I think the bill will be terminated
2007-08-12 17:16:51 · answer #3 · answered by Brandon 2 · 0⤊ 0⤋
When you die, the creditors make an application to get payment from your estate - that is, whatever assets you left behind. This is done before the assets are distributed to any heirs
2007-08-12 18:37:25 · answer #4 · answered by Piggiepants 7 · 1⤊ 0⤋
whoever is left in charge of all your belongings and unfinished business (there's a name and i cant think of it -not beneficiary, but power of attorney i think)- gets all your debts too - that is what i heard
2007-08-12 17:18:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If it's a joint account, then the other account holder.
If you're married and live in a community property state, your spouse.
2007-08-13 00:51:20 · answer #6 · answered by Anonymous · 0⤊ 1⤋