We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debt after Death

Devils_Avocado · 2010-11-15 13:09:41

A married couple jointly own a house. A mortgage is outstanding on the property but there is £100,000 of equity. The man has £30,000 of debt, all of it unsecured, all of it solely in his name. The man dies. Does his widow have to sell the house to pay off his debts now that she is the sole owner of the property?

Comments

UnderPressure Posts: 3,204 Forumite

16 November 2010 at 6:47PM

My understnading is the same as !!!!!! so in essence tell the blood sucking credit card vulchers to swivel!

No seriously the debt "should" die with the debtor as long as there is no life insurance etc etc this is the way I understand it anyhow, you could really to with seeking some professional help thoguh just to make sure.................

Best of luck

"You can measure a man's character by the choices he makes under pressure"

Sir Winston Churchill

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Debt after Death

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free