Deceased persons debt

[newmoses]

A neighbour has asked if I can get some help on here.

 

She and her husband took out a joint bank loan.

 

Her husband recently died and

 

the bank are insisting that she pays all the remainder of the loan.

 

I was on the understanding that if a person died, then their debt died with them (that was certainly the case with my dad and his credit card debt).

 

Is my neighbour liable for her deceased husbands share of the loan, or just her share?.

 

Any help would be greatly appreciated.

[ScarletPimpernel]

If it's a joint loan, then both parties are liable.

[postmn]

because it was a joint loan both people are equally responsible as far as I am aware , there may be other people who can help you a bit more

[dx100uk]

tell us the story

 

what was the loan and who with

 

and who do they pay at present?

 

dx

[The GodMother]

Agree with scarlet

[BRIGADIER2JCS]

A neighbour has asked if I can get some help on here.

 

She and her husband took out a joint bank loan.

 

Her husband recently died and

 

the bank are insisting that she pays all the remainder of the loan.

 

I was on the understanding that if a person died, then their debt died with them (that was certainly the case with my dad and his credit card debt).

 

Is my neighbour liable for her deceased husbands share of the loan, or just her share?.

 

Any help would be greatly appreciated.

 

 

 

They were/are jointly and severally responsible for the debt, so the bank is correct the wife has to pay.

Were they making separate payments to the bank (each ones "share"?)

Technically there are no shares it is one loan made to two people.