REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 12-15-2013, 06:02 PM   #26
NSX
NA1
 
NSX's Avatar
 
Join Date: Feb 2003
Location: .
Posts: 4,659
Thanked 853 Times in 172 Posts
Good choice. Tough to swallow but good choice.^^
Advertisement
NSX is offline   Reply With Quote
Old 12-15-2013, 06:52 PM   #27
I contribute to threads in the offtopic forum
 
Join Date: Dec 2003
Location: Vancouver
Posts: 2,777
Thanked 1,045 Times in 419 Posts
Totally off topic and irrelevant to OP.

So if an immediate family passes away with debt, does the debt inherit to his/her family?

Life insurance will cover that person's debt? Otherwise the debt will be written off?
mr_chin is offline   Reply With Quote
Old 12-15-2013, 07:00 PM   #28
Willing to sell body for a few minutes on RS
 
quasi's Avatar
 
Join Date: Jul 2001
Location: Cloverdale
Posts: 11,534
Thanked 3,731 Times in 1,322 Posts
From what I understand the deceased's Estate is suppose to take care of debt, ie: owns property, vehicles has money in the bank ect..... Life Insurance doesn't cover the debt unless it goes to the estate. The debt would only be written off if there is no way to collect it. The family has nothing to do with the debt unless they have joint financial interests or a vested interest in the estate. Again, the estate would pay the debt it wouldn't transfer to family members.
__________________



“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa
quasi is offline   Reply With Quote
Old 12-15-2013, 07:07 PM   #29
WOAH! i think Vtec just kicked in!
 
wingies's Avatar
 
Join Date: Dec 2003
Location: abc
Posts: 1,656
Thanked 937 Times in 220 Posts
OT but how would the bank even know that the deceased is in fact deceased? Is it a legal liability that the family must notify the bank? If the debt has nothing to do with you and there are no assets to seize...
wingies is offline   Reply With Quote
Old 12-15-2013, 07:17 PM   #30
Banned By Establishment
 
Join Date: Dec 2013
Location: Home
Posts: 103
Thanked 80 Times in 31 Posts
You should notify the bank, but I don't think you NEED to.

Family member passed over a year ago and the bank account is still open with a balance.
MasonJar is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 05:40 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net