Sunday, 26 April 2015

If you make a personal cash loan with an individal on an stallment basis and they die are you still liablevfor the note

Question

If you make a personal cash loan with an individal on an stallment basis and they die are you still liablevfor the note



Answer

You might be liable to the deceased's estate. But it's hard to say.



Answer

Generally, yes, you are still liable. The question is to whom are you now liable?



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