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Old 04-30-2009, 07:23 AM
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Duplicate post:

[url]http://forum.freeadvice.com/debt-collections-84/signed-personal-loan-466218.html#post2248927[/url]
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Old 05-02-2009, 04:58 PM
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No, a debtor’s obligation does not expire on the death of the creditor – personal loan or otherwise.

And yes the administrator/executor of the creditor’s estate can take any and all legal steps available to collect on the indebtedness as could the creditor during his lifetime.

Your obligation to the deceased is now an asset of the creditor’s estate (an account receivable) and the administrator/executor MUST by law make reasonable efforts to see that it is satisfied.
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Old 05-02-2009, 05:17 PM
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Quote:
Originally Posted by latigo View Post
No, a debtor’s obligation does not expire on the death of the creditor – personal loan or otherwise.
So, you really DON'T understand English, huh??

DO NOT RESPOND TO DUPLICATE POSTS!!!
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