Category: Creditors
A total of 73% of Americans leave debt behind when they pass away. The type and amount of debt left behind when someone dies is key to what happens next, according to FOX Business in “Americans Are Dying with an Average of $62K of Debt.” Because 73% percent of Americans pass away with debt that […]
A law firm from Great Britain joins the list of those suing the estate of Michael Jackson. A British law firm claiming it was not paid $200,000 it charged for services prior to Michael Jackson’s death has joined the list of creditors suing the estate. But the estate took six years to deny the claim […]
Gordon Getty, the heir to J. Paul Getty’s estate, says he loaned his son money and now he wants it from the estate. Wealth and sometimes tragedy have followed the heirs to J. Paul Getty, once the richest man in the world. One was famously kidnapped as a child and had his ear cut off […]
In deciding how best to approach an estate matter, it is important to be aware of how the estate creditors are to be paid. What happens to your debt when you pass away? Most Americans have debts of some kind and most debts do not disappear when the debtor passes away. Instead, the debts are […]
No one — not Florida investigators, court officials, the Wisconsin Department of Corrections or the FBI — ever notified the surviving relatives of Cydzik’s victim in the Brookfield fatal robbery. Only this year — by chance and Facebook postings — did they finally discover whatever became of Cydzik. Now, they’re looking for some belated closure […]
“This decision points to a significant chunk of American wealth that is now, quite clearly, no longer as ‘bulletproof’ from creditors as most thought,” Eleanor Blayney, the Board of Certified Financial Planners’ consumer advocate, wrote in a recent blog posting. Creditors and bankruptcy attorneys will have an easier time going after inherited retirement assets, thanks […]
