Lick on my stick trick
If you have paid off all your debts, and your credit report is not reflecting this then it is up to you to make sure that this is updated.
The cast of All Debts Paid - 1995 includes: Eddie Brigman as Jerry Adam Orman as Narrator Craig Watkinson as Paul
In Massachusetts it depends on the debt is documented. Oral debts are usually the shortest. Written and Promissory Notes are the longest. Open Accounts such as credit cards vary. In Massachusetts they have set all of them at 6 years.
yes, then all other debts (if any).
They are not directly responsible. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
net worth
First, the estate must be probated. The filing of the probate will trigger the publishing of a notice that the person has died providing the creditors with an opportunity to make claims against the estate for unpaid debts.The estate is responsible for paying the debts of the decedent. The debts must be paid before any assets are distributed to the heirs. The probate code in each state provides a priority scheme by which estate debts must be paid. It is especially important if there is not enough money in the estate to pay all the debts. The executor or administrator can be held personally responsible if the debts are not paid correctly or are paid in the wrong order or/and any funds are distributed to the heirs when unpaid debts exist.
The estate is responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
For estates that do not have enough money to pay all debts, each state has statutes that prioritize the debts in categories. All debts in one category must be paid in full before any debts in the next lower category can be paid anything. In New Jersey, the priority is: Reasonable funeral expenses Costs and expenses of administration of estate Debts and taxes having preferences according to other Federal and state laws Reasonable medical expenses of the last illness Judgments entered against decedent in order of their priority All other claims If there is insufficient money to pay all of the debts in any one entire class of debts, no debt may be paid in full to the detriment of others in the same class. The money available would get distributed proportionately to all creditors in that class.
I don't know all of them, but France,England,Russia and belgium have all successfully paid off thier war debts
The estate has to pay all of them off. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.