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What happens to personal debt after death?

  1. Kenna McHugh profile image86
    Kenna McHughposted 16 months ago

    What happens to personal debt after death?

  2. profile image0
    Cissy1946posted 16 months ago

    In my experience, personal debt after death is the problem of the creditor. If the person owned property or had some kind of estate the creditor would have recourse but if there is no real property, no money, and just debt, then it is written off by the creditor. Example: When it became obvious that my sister, 45, was not going to survive her cancer I contacted her creditors and explained she was terminally ill and would not be able to continue paying their accounts. All of them were unexpectedly nice and requested a letter from the doctor stating her condition and a death certificate after the event. After they received the death certificates they sent letters stating that the debt was discharged. Same thing happened with my mother. Neither owned property. However, when my husband died, all debt became mine.

    1. Kenna McHugh profile image86
      Kenna McHughposted 16 months agoin reply to this

      Thank you for the answer, this all make sense. I am sorry for your losses.

    2. profile image0
      Cissy1946posted 16 months agoin reply to this

      Thank you. It's all a very long time ago now...

    3. Kenna McHugh profile image86
      Kenna McHughposted 16 months agoin reply to this

      Okay, thank you for letting me know.

  3. matchtres profile image60
    matchtresposted 16 months ago

    Ahmm its cancelled for the bank.

    The family no pay.

    1. Kenna McHugh profile image86
      Kenna McHughposted 16 months agoin reply to this

      Thank you.

 
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