If I owe money and the person dies, do I still owe money?

Full Question:

If I owe money and the person dies, do I still owe money?
05/17/2017   |   Category: Debts and Credit   |   State: Alaska   |   #37352

Answer:

Yes. It would be collectible by his heirs or his estate if the person who loaned you the money dies before you pay the loan off. The loan would be evidenced by a promissory note.

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