Jump to content

 

BankFodder BankFodder


Smithy14

Deceased father debt

style="text-align:center;"> Please note that this topic has not had any new posts for the last 286 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Looking for information/help ...... My father sadly passed away in March of this year leaving about £17,000 worth of debt and with little estate to cover this amount . I have contacted all the companies which he owed debt to for some sort of settlement agreement however to date none have come forward. As you can imagine this has been a very distressing time for all and we just want to put some sort of closure to episode in our lives. I would be grateful for any advice you wonderful people can provide to get a response from the companies so we can plan a way to pay off the debt from the little estate he has .....

 

Thanks

 

R

Share this post


Link to post
Share on other sites

I'm sorry to hear about your father and am sure that we can help.

 

Could I just ask if the debts were in his sole name please?

 

HB


Illegitimi non carborundum

 

 

 

Share this post


Link to post
Share on other sites

Yes all the debt was in his sole name as he lived alone and divorced from our mum 

Share this post


Link to post
Share on other sites

" I have contacted all the companies which he owed debt to for some sort of settlement agreement "

 

Why ?  are the debts all unsecured borrowings ?

 

Andy


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites
13 minutes ago, Andyorch said:

" I have contacted all the companies which he owed debt to for some sort of settlement agreement "

 

Why ?  are the debts all unsecured borrowings ?

 

Andy

Hi Andy ,

 

" Why" - The estate worth is less than what is owed and I thought if we could get them to accept a reduced settlement as I believe the debt doesn't automatically dies when the person dies ?

 

We also have a small flat which isn't in a condition to sell doesn't even have a place to wash apart from a small kitchen sink and I don't have the funds to bring it up to a point where I can sell it 

 

I believe the debt is unsecured as its various credit cards etc ..... 

 

Thanks

Share this post


Link to post
Share on other sites

Then they should be ranked at the very bottom of the list...after all expenses have been paid and priority debts cleared...if nothing left there nothing left...they get nothing.

 

Simply send them all a copy of the Death Certificate and inform them their is no money in the estate.

 

Sincere condolences 

 

Andy


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

Thanks Andy .....

 

The issue we have they won't respond to our letters sent from my lawyer and as you can imagine with limit funds we would like to try and resolve the matter ourselves - lawyers fees are mounting !!!!

 

Can we legally send another letter recorded delivery or something giving them say 28 days to respond after which time the debt would be enforceable ??

 

Thanks 

Share this post


Link to post
Share on other sites

You dont want them to respond...you shouldn't have offered a settlement in the first instance.

 

Once you have informed them of the death and informed them that the estate is insolvent...thats the end of your responsibility and liability.,not that you have any anyway.

 

PS Why are you using a Lawyer...are you not the executor ?


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

My father didn't have a will so we had to use a lawyer to get executor status and at this point the lawyer wrote to all parties owed money explained there was little to no money in the estate but none have replied. I haven't offered any type of settlement as yet but just wanted to see if we can settle or even write off the debt as maybe in the future we could do something with the flat although I would imagine this to be few years away 

Share this post


Link to post
Share on other sites

So your father died intestate...there is no need to appoint a lawyer to attain executor status all that was required was  grant of letters of administration which then allows you the ‘administrator’ of the estate and allows you to value the estate, pay any debts and distribute the estate according to the intestacy rules.

 

Because of the property involved you would then have to apply for probate...again which is quite simple and something you can do yourself.

 

Back to the unsecured debts...as per my post # 8


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...