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What happens if the estate can’t pay all debts?
Short answer
Debts are paid in the order state law sets until money runs out. Remaining unsecured debts usually go unpaid.
See every step in 1 minuteA loved one’s debts after death: what you owe and what you don’t
People also ask
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Official sources
- CFPB: debts of a deceased relativeconsumerfinance.gov
- FTC consumer advice: debts and deceased relativesconsumer.ftc.gov