Question Asked...
My father passed away last week at 67 yrs old (but was working full time). I am the excecutor of his will. He basically owes approx. $90,000 to various credit institutions (banks,credit cards).My mother is retired and is receiving a variety of pensions ie. C.C.P., old age etc. She cannot keep up with the payments (she has to pay rent, buy food and clothing). Should she file for bankruptcy? And as a excecutor of his will, am I liable for his detbs?
You are not liable for your father’s debts, unless you co-signed for them. Your mother is not liable for his debts unless she co-signed for them, so if they were just in his name, she does not need to go bankrupt. Since it is virtually impossible for a creditor to garnishee CPP, if your mother has no other assets it is probably not necessary for her to go bankrupt.