Unless you are a mortician most people do not like to think about death, especially when considering filing bankruptcy. However there are times when death comes into play whether it be the death of the debtor or the death of a loved one. Inspiration for these blogs come from the everyday experiences in my practice [...]
death
It happens all too often, and it is always sad. A family member dies with outstanding debts, and the collectors call the survivors. You are generally not responsible simply because you were a relative, although there may be a special law in your state for some limited purpose. In Massachusetts, a spouse is obligated for [...]
Surprise, you’re dead. Distinct from ‘zombie debt’ which should be dead, but refuses to die, your debt does not automatically die when you do. Your family or heirs could be forced to pay the bills that you didn’t (or couldn’t) pay before you moved on to another plane of existence. You might want to read Part [...]
Do you know what your family would do without you? Do they know where to find information necessary to pay your bills? Do you or your family believe that your debts will go away if something happens to you? This is not ‘estate planning’, it is emergency planning. You and a select group of people [...]
