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My brother dies in Texas and has no assets am I responsible for his credit cards and other personal debts?
Wiki User
∙ 14y ago
Your brother's estate is responsible for payment of his debts. If there is no estate then his creditors are out of luck. You could send any bills back along with a copy of his death certificate.
Wiki User
∙ 14y ago
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Can I Still Get The Funding Even When Experiencing Personal Bad Credit?
Yes you can get the funding you need even experiencing personal bad credit. The lendersfinance businesses based on their business income and liquid assets, not the owner’s personal credit.
Are you responsible for your deceased parent's credit card debt?
If the estate has any assets, the estate should pay for the debt before anything is passed on to the heirs. If there are no assets the credit card company will just have to write it off. You are not held responsible unless you co-signed for the card.
In Pennsylvania is the surviving spouse responsible for the deceased spouse's medical and credit card debt?
No, the spouse is not responsible. However it does come out there assets left behind.
Which credit card companies extend credit to small businesses?
For one, I know Bank of America has many small business credit card programs. A small business credit card is always better than using your personal card because the debt is tied to business assets instead of personal assets. Go to www.bankofamerica.com to see what they offer.
Are adult children responsible for credit card and medical bills with an estate?
They are not responsible to do it with their own money. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
How does Credit affects assets?
Credit has no impact on one's assets.
Who is responsible for credit card debt after death in Michigan?
The estate of the deceased is responsible in Michigan. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Who is responsible for credit card debt after death in Indiana?
The estate of the deceased is responsible in Indiana. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
What are the benefits of business credit scoring?
The benefits of good business credit scoring is that lenders can offer better interest rates and it will save you money. It can also reduce your personal liability and protect your personal assets.
Who is responsible for credit card debt after death in washington state?
The estate of the deceased is responsible in Washington. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Who is responsible for my mother's credit debt when she died with no assets?
Generally speaking, if your mother was the sole owner and user of the credit cards then you should notify the companies of her death. If she had no assets there is no estate and they are out of luck. However, her creditors may hire a local person to do an asset check. If they find any assets they will go after them.
What is the law in Florida regarding credit cards after death of the card holder?
In Florida, the executor or personal representative of the deceased's estate is responsible for notifying credit card companies of the cardholder's death. The estate is generally responsible for paying off any outstanding credit card debt using the deceased person's assets. Family members are not typically personally liable for the deceased person's credit card debt.
