Posts by Kevin Lopez12

Kevin Lopez12: thanks

Look, people simply cannot find housing—it’s a total crisis $20000, which is obviously due to the fact that everything has been completely depleted

Let’s get one thing straight—I am not looking for an argument. A deceased individual had two credits worth $20000; there is no will, no probate, and absolutely nothing held in his own name. He was only 30 years old. My question is this: do banks somehow attempt to collect these debts from the surviving relatives—and if so, by what mechanism—or is the balance simply written off?

And what happens if there isn't any ownership involved at all?

What are the legal implications when a borrower—someone who didn't provide any collateral or co-signers—passes away?