If I have bad debts/things i had loans on and didnt pay for them...will I have 2 pay it from my inheritance?
479237
after a certain amount of time, they wont go after you, but if you owe and receive the inheritance say tomorrow, it will all depend on how the will is structured. If there is no will and it is a straight next of kin arrangement, they sure can go after that money. Not only that, but any unpaid debts of the benefactor can be deducted from the amount of the inheritance.
61567
LOANS have to be paid back unless you want to be sued.  \n\nIf loans didn't have the be paid back, they'd be called GIFTS.
1180859
Yeah, sometimes. I'm 21, married, a dad, going to school and working full time. I have tons of debt piled up already b/c of student loans, but I'm studying to be an accountant, so I don't think I'll have a problem paying them back. Money, or the lack there of, is really the only thing that worries me. I hate being in debt though, so I think I'll manage.
775421
The minute you used the card after your husband passed away you, in essence, affirmed that you would be responsible for the debt.\n\nAs your husband's survivor and probably the only person to benefit from his estate, either the estate or you personally would be responsible for this debt.\n\nSo no matter which way you look at it, you need to pay it, or make the determination to file bankruptcy.  There is no in between
1121788
yes, unless there was a written agreement that the debt is discharged if the creditor dies.  The money will need to be paid to the estate of the dad person.  Continue sending the payments as you have in the past and the executor of the estate will let you know where to send them in the future.
262889
I am not an attorney. If your husband owed the money as an individual - then he was liable for the debt not you. If you filed joint tax returns, then you too MAY be liable for a portion OR/AND all the back taxes. It is really up to you whether or not you wish to pay your deceased husbands debts.\n\nLife Insurance is paid out to you tax free - I'm not an accountant either - If your late husbands creditors know there is life insurance, there is a good chance they will try to make a claim on it.\n\nConsider seeking legal aid, to make get a clear picture as to how you stand, so you can get on with your life and know that you and your children are safe.\n\nI am sorry for your loss.\n\nTake care, and good luck.
821865
Danny, have you talked to your trustee about this. If they were to be making the payments, if I were you I would be asking where did the money go to. I would contact a lawyer. I would think you would have some kind of re-course. Good luck to you.
736085
Look at your loan contract.  If it says they have the right to take it, then they can do so, but I think they will need the help of the Police.  If your loan states you wil have a lien or judgement entered onto your credit report, then they can't take the furniture, & they must go to court & have a judgement entered under your name & then they can garnish your wages & take your savings accounts in order to get their money.  You don't have to let them onto your property or into your home without a court order, which they won't easily get.  You can actually call the Police on them if they attempt to enter your property without your permission or without a legal court order.  I gotta tell you, I grew up in a house that always had the drapes closed because my Mother didn't want to loose her furniture that she hadn't paid for!  It was a crappy way to live.  File bankruptcy or give it back or sell it & pay the bill.  You'll have a stress free life!
816952
Bad debts are not collectible after 7 years.  7 years from the last activity on the loan, not 7 years from the beginning of the loan.\n\nIt is VERY unlikely that a lender will NOT try to collect on a bad debt.  When they do, the expenses they incur in attempting to collect (attorney fees, interest, etc.) are usually added to the amount owed.  \n\nWhy do you ask?  Thinking of ruining your future ability to borrow?
693878
What you need to do is contact a solicitor about your rights and what will happen next.\n\nYour assets will be taken into consideration whilst in debt and if Bankruptcy comes into play you will lose it to pay off your creditors. They will use that as equity and it will not become yours. I would seriously get legal advice on how to keep those assets.  It maybe that they can transfer them into another name for the time being.
1005923
You will still be responsible for the debt on this home.  They can freeze assets, an can keep you from ever getting another mortgage.  They will either send it to a collection agency or go ahead and pursue further action like litigation.  Then it just becomes more costly b/c of court cost, attorney fees, and the remainder of the balance on the home.  The bank doesn't care that it went up in an auction.  They didn't say that you didn't have to pay b/c you no longer have the house.  Doesn;t work that way.   \n And anyone that tells you not to pay, are ignorant morons.  Its people like that, that make it harder for the ones with good credit and standings with creditors to get credit.  And even makes it harder for you.  Makes you look really bad.  Pay your bill.  Be the better person, not a dead beat debtor.
178097
Welcome to the club.  There's a lot of us who have lent money to relatives, friends, or romantic interests and got nothing back.  Forget the money.  In the future, consider any loan you make as a gift that you probably won't get back.  If you're not willing to lose the money, don't lend it.
403216
the executor of the estate is supposed to divie up the remains equally, i think; and that means for everything that is sold you get an equal share.  if they sold it, it doesnt matter if they already spent their portion of what they got, they still owe you your share.  you can sue them.  its a shame people act so selfishly and unethical towards each other when their parent dies.
730399
Iam 35 and I also made some bad financial decisions when I was younger. My advice is to clear your name, get the debts out the way and start a clean slate. Ring them up and sort something out. It will be better for you in the future, because it will give you more options, and you wont have the weight of it hanging over you.
152441
NO......I WOULD STRONGLY SUGGEST THAT YOU SELL THE HOUSE..\nBECAUSE THEN YOU ARE GOING TO BE STUCK WITH 2 PAYMENTS... THE ONE FROM WHERE YOU BOUGHT THE HOUSE...AND THE 2ND LOAN YOU TAKE OUT...\n\nWHATS GOING TO HAPPENED WHEN YOUR MONEY RUNS OUT...FOR PAYING THE HOME YOU PURCHASED....??\n\nYOU WILL BE STUCK WITH 2 PAYMENTS.
201380
Unless the original loan specifically says it can't be transfered, it can be. Has to go through proper channels though, you can't just hand over the paperwork, that doesn't change who's responcible. And there will be fees to pay.
556555
Yes they can and do all of the time. The only thing is to keep the card paid and current. My brother bought my grandmothers house and was executor of the estate. He still has her credit cards current and even her phone, the number is 50 years old. Now if you don't pay them and keep them up to date it would be a crime. The people are dead, who is going to sue you?