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I Have a Law/Money Question?

If I were an unmarried, childless adult and I built up thousands of dollars in debt and then killed myself, where does the debt go?



    




FreddyH
Rating
The companies/creditors you do business with must absorb it as a loss. In accountng, it is a bad debt expense.

P.S.: Don't kill yourself. It's only money.



Mensan
Rating
The people you owed would have to eat the debt. It would go away.


NeverOnTime
Rating
The companies would write off the debt.


Lucky Licon
Rating
Most companies will report this as a charge-off or loss.


kapn
Rating
No where......vaporized.........no way for the debt to be recaptured.....gone like you........forever.........





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