Legal Question in Wills and Trusts in Illinois

Deceased Parents

My parents both died in the last two months. Neither left a will. Can my sisters as their heirs file a Chapter 7 bankruptcy on the debts that are left behind. I received a foreclosure notice on our house on Tuesday, August 21, 2001 and have 30 days to file an answer. If you could please let me know as soon as possible, I would greatly appreciate it. Thank you.


Asked on 8/24/01, 2:38 pm

1 Answer from Attorneys
Jay Goldenberg Jay S. Goldenberg

Re: Deceased Parents

I'm not clear what you're asking. Beneficiaries of an estate are not personally liable for the debts. On the other hand, creditors *can* claim payment for their debts and reduce the amounts received. This can't be stopped by bankruptcy (which roughly requires using your existing assets to pay creditors).

Read more
Answered on 9/03/01, 6:24 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Illinois