What happens if you die with a large debt?
Credit cards: $25,000
Auto loan: $30,000
Life insurance: $20,000
So what happens to your debt?
- AmyLv 74 weeks ago
All of your property gets sold to pay the debts. If there's still not enough, the creditors fight over who gets how much.
- ALv 74 weeks ago
if you have any assets they will be attached and leins put on them to pay off the debts. If you are married your spouse would probably be responsible for the debt, if not, the debt just gets written off
- DamienLv 64 weeks ago
it get eliminated, no one else has to pay it,if there's money in your bank account, gov will take that to pay off your loans.