Economy, Global market

What Happens To Debt After You Die?

Death is inescapable, there is no way to escape from it. Similarly you can’t run away from few kinds of Debts – and these debts are like “once a person is owing money, and die;  someone has to pay for it”. For example co-singers who sign onto student loans are held accountable for the money being loaned to be paid back as well.

This infographic from TotalBankruptcy tells you the same story with many angles – it can help you to have an idea about what happens to your debt when you die.

 

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Moneymunch's editors' staff. They have been writing/working on the financial markets for over two decades, having previously worked with popular financial blogs and newspapers.

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