October 13th, 2012 by Questions

If my father passed away owing lots of money, would his children/wife be responsible for outstanding debts?

Posted from: Ontario


One Response to “Daughter”

, A licensed trustee said:

ONly if they were joiuntly responsible for the debts – if anyone else co-signed or co-borrowed any of the deceased’s debt then those persons will be held 100% responsible. If no one co-signed then only the deceased’s estate can be held liable.

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