Sentences with phrase «debts of their deceased parents»

Quite a few have even found themselves filing for bankruptcy because they could not cover the debts of their deceased parents.

Not exact matches

It can be debt owed by a deceased spouse or parent, a debt that was previously paid in full, a debt discharged in bankruptcy, a debt you never owed, and even a debt that is past the statute of limitations and not legally collectible.

This is assuming, of course, that the other debts of the estate have been paid OR the estate is not being forced to sell the home to pay your deceased parent's other creditors.

Over half of states have filial responsibility statutes [3] which can hold adult children responsible for a deceased parent's medical debt.