What happens if a creditor wins a lawsuit against a deceased person's estate? How does a judgment against an estate get paid?

According to the Consumer Financial Protection Bureau, in most cases, any unpaid debts are covered by the person's estate — the total assets owned at death ... Aug 11, 2021 ... As you can imagine, it's complicated. "As a general rule, it is the estate of the deceased person that is liable for his debts," says David ... Nov 25, 2022 ... Death does not do away with debts. However, instead of being personally responsible for your debt, the debt becomes owed by your estate. After you die your debts will still need to be paid, so you need to make a plan to pay them off and, hopefully, still leave something for your family to ... Nov 30, 2021 ... Unfortunately, if a person passes away with debt, this debt is not automatically erased. Generally, your estate—through the person you name as ... My relative (or friend) died recently. What happens to my loved one's property and debts? When someone dies, some or all of the deceased person's property ... Apr 10, 2025 ... What about my spouse's medical bills? Am I responsible for paying those? What happens to my spouse's debt when they die? My spouse recently ... What happens to debts when someone dies? ... When someone dies, their debts become a liability on their estate. The executor of the estate, or the administrator ... Jan 29, 2021 ... Although it's unlikely, it's important to understand what happens to your student loans if you die. Learn more about the student loan death ... The executor — the person named in a will to carry out what it says after the person's death — is responsible for settling the deceased person's debts. If ...