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Author What happens to debt when you die?
3CorsaMeal
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Registered: 11th Apr 02
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20th Apr 12 at 09:03   View User's Profile U2U Member Reply With Quote
Like loans or credit cards?

Do they just admit defeat and accept the loss or do the companies try and get their money somehow?
micra_pete
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Registered: 23rd Apr 03
Location: West Yorkshire
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20th Apr 12 at 09:04   View Garage View User's Profile U2U Member Reply With Quote
got the canoe already?
fred7
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Registered: 17th May 04
Location: Rugeley, Staffordshire
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20th Apr 12 at 09:06   View User's Profile U2U Member Reply With Quote
Thi k it depends on the debt and what insurance you have.
AndyKent
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Registered: 3rd Sep 05
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20th Apr 12 at 09:08   View User's Profile U2U Member Reply With Quote
Your assets are dealt with by your solicitor (or an appointed solicitor). Debtors come forward to claim their stake and the rest gets passed on to the government and next of kin
SXI - Matt
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Registered: 8th Jul 07
Location: Leicestershire Drives: Corsa C SRI
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20th Apr 12 at 09:10   View User's Profile U2U Member Reply With Quote
If there is a direct next of kin it's normally passed onto them so say husband or wife, if there is any money in the estates they will want to know & have a right to know how much and who's getting what in the terms of the companies that are owed money.

If you have life cover insurance ect some will pay all this off for them or some of
Gary
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Registered: 22nd Nov 06
Location: West Yorkshire
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20th Apr 12 at 09:18   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by fred7
Thi k it depends on the debt and what insurance you have.


This. Unsecured stuff will get written off. Mrs used to for a debt collectors and got sent death certs all the time and just closed the file
BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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20th Apr 12 at 09:31   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by micra_pete
got the canoe already?


Sam
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Registered: 24th Dec 99
Location: West Midlands
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20th Apr 12 at 09:31   View User's Profile U2U Member Reply With Quote
I was just going to say, I thought unsecured debt was written off?
Lawrah
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Registered: 25th Dec 04
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20th Apr 12 at 11:30   View Garage View User's Profile U2U Member Reply With Quote
Doesn't get passed down anymore I don't think.
emicen
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Registered: 26th Jul 10
Location: Glasgow
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20th Apr 12 at 11:35   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by SXI - Matt
If there is a direct next of kin it's normally passed onto them so say husband or wife, if there is any money in the estates they will want to know & have a right to know how much and who's getting what in the terms of the companies that are owed money.

If you have life cover insurance ect some will pay all this off for them or some of


Only jointly secured debts. Mortgage you are both signees to or joint credit card. Personal loan unless secured against a joint asset or personal credit card does not.
Lawrah
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Registered: 25th Dec 04
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20th Apr 12 at 11:41   View Garage View User's Profile U2U Member Reply With Quote
So if I take my dad out the game, I wont gain his debt?
emicen
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Registered: 26th Jul 10
Location: Glasgow
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20th Apr 12 at 12:09   View User's Profile U2U Member Reply With Quote
Daddy issues
rossnomore
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Registered: 18th Oct 06
Location: Fife
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20th Apr 12 at 12:25   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by emicen
Daddy issues


perfect...

 
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