Bankruptcy Attorney Stafford Virginia

Does bankruptcy support with inherited credit card debt?

"Do I need to have to file bankruptcy on inherited credit card debt?"

You can find a great number of issues a person needs to manage when another person dies. It seems a shame that this could possibly be 1 of them. Though hoping to get throught the grief there are countless concerns; financial, particular, emotinal. It can truly take a toll on you.

In my twenty decades like a bankruptcy lawyer, I’ve been asked about personal bankruptcy and inherited credit card debt perhaps 4 or 5 occasions.

Someone’s mother or father passed away, leaving nothing but charge card and health-related bills. What to complete? Does bankruptcy aid? Many people know which you do not need to have to file bankruptcy-because you can’t inherit financial debt in The united states. I in no way believed I’d need to have to talk about this in my bankruptcy blog.

(Unless of course you had been currently a co-signer, collectors cannot come following you for the expenses of your mom or father. At least they should not.)

So I was amazed by a news release posted on the net March 31, 2011. Debt collector Phillips & Cohen brags about their leadership in collecting "deceased account recovery." Deceased account recovery?

Now if someone dies and leaves a probate estate, legitimate creditors ought to be paid. That’s one of the things that Phillips & Cohen says they do, on their site.

They also say they have "effective family … communication." What’s that???

The Fair Credit card debt Collection Practices Act says that your collector can't communicate with anyone other than the consumer debtor or wife or husband or attorney or the credit bureau. The only exception is to obtain "location information."

So I’m unsure how these people-who are clearly collectors-communicate with family. They aren’t endeavoring to locate someone they know is deceased. Doesn’t any other communication instantly violate the FDCPA?

If a family member dies and leaves a probate estate, creditors must be notified and legitimate debts ought to be paid.

But if they leave absolutely nothing, you tend not to inherit the debt. Do not let anyone tell you that you do.

There’s no need to file personal bankruptcy.