Many parents believe that when they die their debts will pass to their children. This is usually a big concern for parents because they do not want their kids responsible for their debts. Generally when you die your assets become a part of your estate. During the probate process your assets and debts will be …
Will my kids be responsible for my debt after my death? Read More »
Yes. But how much depends on the individual filer. I have seen some filers score increase slightly and some scores drop dramatically. The reality is your score has already been affected by late payments and charge offs. Individuals with low scores generally do not see much of a drop in their score when they file. A Chapter 7 filing …
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