Hello,
My father recently passed away in Michigan and left ~$25,000 worth of credit card debt behind. He had a house, car, 3 pensions, bank account (small amount of money) and a 401K in his name.
Can the credit debt be forgiven? (My Mother is authorized to use the cards, but my Father is the only owner of the accounts.) Will the credit card companies take this to probate court and take funds from the estate? Can / will the courts take the house / vehicle away? (My mother still lives in the house and drives the car) Can they take money out of the bank account, pension, or 401K? Should we get a lawyer?
If the debt cannot be forgiven, what are our options? Will we be able to decrease the total amount that's due? Is there assistance available to repay everything?
What is the name of your state (only U.S. law)? Michigan
My father recently passed away in Michigan and left ~$25,000 worth of credit card debt behind. He had a house, car, 3 pensions, bank account (small amount of money) and a 401K in his name.
Can the credit debt be forgiven? (My Mother is authorized to use the cards, but my Father is the only owner of the accounts.) Will the credit card companies take this to probate court and take funds from the estate? Can / will the courts take the house / vehicle away? (My mother still lives in the house and drives the car) Can they take money out of the bank account, pension, or 401K? Should we get a lawyer?
If the debt cannot be forgiven, what are our options? Will we be able to decrease the total amount that's due? Is there assistance available to repay everything?
What is the name of your state (only U.S. law)? Michigan