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| Debt Collection Debt collection statutes, state and federal law, etc. |
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Oct 14th, 2007, 11:40 AM
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#1 |
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DEATH OF PARENT--CREDIT CARD COLLECTION
MY MOM PASSED AWAY OVER A MONTH AGO. A BALANCE UNDER $10,000.00 IS OWED ON HER BANK CREDIT CARD. MY ATTORNEY WAS QUITE SURE THAT MY SIBLING NOR I WOULD BE RESPONSIBLE TO PAY IT. HE BELIEVES THAT WE WOULD BE COVERED BY A $15,000.00 SECURE EXEMPTION? I HOPE THAT I STATED IT CORRECTLY. HER CHECKING ACCOUNT WILL BE CLEARED OUT AS SOON AS ALL FUNERAL EXPENSES ARE PAID -SHE HAD NO PROPERTY --NO ASSESTS-ETC. PLEASE TELL ME YOUR OPINION . DO YOU BELIEVE THIS SECURE EXEMPTION WILL BE TRUE---IF NO MONEY WILL BE LEFT IN HER CHECKING ACCOUNT?
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Oct 16th, 2007, 07:58 AM
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#2 |
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Top Level Member
Last Online:
Nov 16th, 2008 01:08 PM Join Date: Feb 2007
Posts: 723
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Re: DEATH OF PARENT--CREDIT CARD COLLECTION
Only the estate is liable. But funds in the estate if any have to be used for creditors bills. You are not liable.
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