Archive for August, 2007

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?

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?