Singapore Expats Forum

What Happens to a Bankruptcy Case When a Debtor Dies

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

chewwl88
Member
Member
Posts: 48
Joined: Sat, 13 Dec 2008
Location: Singapore

What Happens to a Bankruptcy Case When a Debtor Dies

Postby chewwl88 » Fri, 22 Nov 2013 9:42 pm

Do anyone know what Happens to a Bankruptcy Case When a Debtor Dies?
Does the estate will affect? Spouse affect?

Anyone here know about this issue

katbh
Reporter
Reporter
Posts: 598
Joined: Thu, 04 Oct 2007
Location: Singapore

Postby katbh » Mon, 25 Nov 2013 1:43 pm

It depend on if declared bankrupt before death etc.
But basically a bankrupt's debts form part of the assets and liabilities of the estate. The debts need to be satisfied, if possible, from the estate first before any gifts, bequeaths etc can be distributed.
You will need a probate lawyer to help the estate through it.

chewwl88
Member
Member
Posts: 48
Joined: Sat, 13 Dec 2008
Location: Singapore

Postby chewwl88 » Fri, 29 Nov 2013 8:23 pm

Thanks for your reply.

Debtor was die after declare bankrupt. Now applied to help the (Debtor) decease to discharge from OA.

Hopefully will not affected estate. It will affected spouse also?

FaeLLe
Chatter
Chatter
Posts: 485
Joined: Wed, 28 Feb 2007
Location: London

Postby FaeLLe » Mon, 02 Dec 2013 5:59 pm

Debts will get passed down as liabilities to the spouse and can be claimed from the estate / inheritance they have passed on after their death.


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 2 guests