Legal Question in Credit and Debt Law in Texas

Deceased Dad Debt

Dad stopped paying his debt in 2001. We sent copies of death certificate to debt collectors but they continue to try to ''make a deal''. We are liquidating his assets which will not begin to cover all his debt. He left some monies in checking. After all is sold and deposited into his accounts, how do we decide which creditor gets how much money? Keep in mind that his debt is over $25,000 and his assets will bring approximately $12000 after all is said & done. Will the children at anytime be responsible to pay this off?


Asked on 12/29/06, 11:19 pm

2 Answers from Attorneys
James Grissom Law Office of James P. Grissom

Re: Deceased Dad Debt

Only those creditors who make a valid, legal claim against the estate need to be paid.

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Answered on 12/29/06, 11:52 pm
Donald McLeaish McLeaish&Associates;, P.C.

Re: Deceased Dad Debt

It seems to me that unless debts not sued upon within four years are barred by statute of limitations UNLESS the debtor extended the time by part payments, etc..and children nor heirs in general are NOT responsible for debts of a deceased

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Answered on 12/30/06, 12:17 am


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