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Here in Australia if you have outstanding debt that is owed to creditors it is paid first before any-one on the persons will would see the money. So in essence
by hackits 9y ago
Here in Australia if you have outstanding debt that is owed to creditors it is paid first before any-one on the persons will would see the money. So in essence most outstanding debt can be collected on a person death.
- defen 9y agoThe idea is to make your debt exceed your assets. Can't collect a million from an estate that has zero.
- basicplus2 9y agoThe ideal finish is.. On death all your debts should be paid in full with the exception that the cheque for the funeral should bounce..
- chii 9y agobut it's your family member who pays that cheque, not you post humously.
- basicplus2 9y agoAh! No.. the payment is made from the deceased's estate..