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
October 13, 2012 at 4:18 pm, 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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.