What happens if a in-debt man dies?

So if you had a parent largely in debt, and they died.

What would happen to the debt?

Answer #1

Mainly, he mans possessions would be sold. What really sucks though, is the family is pinned with the owed money. So, you are asking if your parent died? Imagine your parents car/house didn’t cover the cost– You would be in charge of paying it off. Hope this helped!

Answer #2

They would sell the man’s house/car/boat etc until they have enough money. The people that were left the house in the will would get the remaining money. If the house is in a trust, then thats when it gets really difficult.

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What happens if a in-debt man dies?

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