So when you die your debt just goes away?

>>507766950 (OP)
Yes

>>507766950 (OP)
Yes

>>507766950 (OP)
When a person dies, their debts do not simply disappear. Instead, the handling of debts after death typically follows these steps:

1. **Estate Responsibility**: The deceased's estate (all their assets and liabilities) is responsible for settling debts. This means that any money or property they owned at the time of death can be used to pay off outstanding debts.

2. **Probate Process**: The estate usually goes through a legal process called probate, where the deceased's assets are identified, debts are settled, and any remaining assets are distributed to heirs or beneficiaries.

3. **Secured vs. Unsecured Debt**: Secured debts (like mortgages or car loans) are tied to specific assets. If the estate cannot cover these debts, the lender may take possession of the asset. Unsecured debts (like credit card debt) are typically paid from the estate's assets, but if there are insufficient assets, these debts may go unpaid.

4. **Joint Debts**: If the deceased had joint debts with another person, the surviving co-borrower may be responsible for the entire debt.

5. **No Estate**: If the deceased has no assets (an "insolvent estate"), the debts may go unpaid, and creditors may not be able to pursue the deceased's family members for payment, unless they were co-signers or otherwise legally responsible.

6. **State Laws**: The rules governing debt after death can vary by jurisdiction, so it's important to consult local laws or a legal professional for specific guidance.

In summary, while debts do not follow the individual after death, they must be settled through the estate, and the outcome depends on the estate's assets and the type of debts involved.

yes but they will repossess all your assets to try and pay it back.
as long as you have nobody to give an inheritance, it doesn't matter.

>>507766950 (OP)
Your children inherit your debt and if you don't have children, your closest family does :)

>>507766950 (OP)
They revive your mind and put it into a 10 year punitive psychogenic torture chamber

>>507766950 (OP)
Your debt is transferred to Hell

>>507767254
only if they accept the inheritance

>>507766950 (OP)
yeah but you might lose any inheritance

>>507766950 (OP)
>take on a shit ton of debt
>buy property and a bunch of stuff with it and "sell it" to a friend
>fake death
>live on "friends" property with a new identity

>>507768721
Actio pauliana

You dumb fucker

>>507766950 (OP)
Yes and no. The credit holders can reposses the goods and file for garnishment of surviving assets, but 99.9% of the time it simply isn't worth it.