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What happens when mom dies and has no estate except life insurance and outstanding credit card debt does executor have to pay the outstanding debt?
Wiki User
∙ 13y ago
Yes, the executor has to pay the debt. Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Wiki User
∙ 13y ago
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What is the adjusting entry for wages posted twice?
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How can you improve your car credit rating?
A credit score assesses the financial risk you pose to a financial institution or corporation, as well as to an insurance provider. So, credit rating is one of the crucial factors that decide the rate of insurance or insurance premium. Car insurance is a type of line of credit in certain ways, and your credit score reflects how well you handle your credit lines.
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What has the author Arthur Levi written?
Arthur Levi has written: 'Credit insurance' -- subject(s): Credit Insurance, Insurance, Credit
What is business credit insurance?
Business credit insurance is a type of insurance that is purchased by businesses selling to other businesses of open credit terms. Business credit insurance guarantees against their business having excessive losses due to their customers inability to pay for goods or services purchased on credit. It is sometimes calledaccounts receivable insurance or trade credit insurance. This should not be confused with consumer credit insurance (e.g. credit life) which is purchased by consumers.
Where would one get commercial credit insurance?
Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.
What is the most commonly purchased type of credit insurance?
credit life insurance
Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?
The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.
What happens to the loan after the car is repossesed?
After the vehicle is repossessed then the financial organization is notified of its recovery but the amount of the loan is cancelled except for the outstanding arrears, the taxes, wear and tear on the vehicle charge, the cost of repossession, travel charges and mileage and compounding interest on the outstanding amount. They then call the credit bureaus and report the transgression and the credit ratings are adjusted accordingly.
