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How do i handle Liens filed against a deceased persons estate?

In: Debt Responsibility [Edit categories]

Answer:

That is one of the responsibilities of the Executor. They need to propose a solution to the probate court. In some cases the property must be sold and the liens settled. If the judge accepts it, the creditors will also have to accept it. The simplest way is to take the total dollars in the estate and divide it by the total debts owed. Then pay that much per dollar owed to each debtor.

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Aggie80

First answer by Aggie80. Last edit by Aggie80. Contributor trust: 4975 [recommend contributor ]. Question popularity: 1 [recommend question].

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