What happens when someone is in debt and they die? If there is a will but little or nothing of monetary value to inherit, do the inheritants “inherit” the credit card and loan debts? What if the person dies intestate?
Archive for August, 2007
posted by Questions @ My mother-in-law has more than $67,000 in credit card and line-of-credit debt. She owns a vehicle, no house or other capital or liquid assets to speak of. She is late-50s, grosses less than $30,000 annually, and works for one of the banks to which she owes a sizeable portion of the above. Her health is [...]
I had a bankruptcy claim in Jan/2000 and was discharged in Feb/2002, and have never defaulted in any payment since 2000. I was just recently financed by a car manufacturer for a new car at 3%, do creditors take into account when financing someone who has a bankruptcy, their credit score and history since that [...]
What would be my cost be filing bankruptcy?
