dead father's debt
Date: Thu, 11/18/2010 - 23:41
My father passed away few months back. He had a personal loan of about $75,000. He had paid back half of the loan. What I want to know is that am I liable to pay off the debt? Can the creditors sue me for my father's debt?
If you did not sign as a cosignor, then no...you are not respons
If you did not sign as a cosignor, then no...you are not responsible.
But, they can lien his estate. If he has life insurance, proper
But, they can lien his estate. If he has life insurance, property, etc., they'll sell off those items and pay off his debts before you would get anything.
Life insurance cannot be touched unless his estate was the benef
Life insurance cannot be touched unless his estate was the beneficiary.....
Thanks, Aubrey. I wasn't aware of that. But they can take any
Thanks, Aubrey. I wasn't aware of that. But they can take any and all assets, right? House, car, property, etc.?
When my buddy passed away, all of the creditors filed with the p
When my buddy passed away, all of the creditors filed with the probate court against the estate and were all paid in full out of the assets of the estate.
