What Happens If the Estate Doesn’t Have Enough Assets to Cover All Debts, Such as Credit Card Claims?
What Happens If the Estate Doesn’t Have Enough Assets to Cover All Debts, Such as Credit Card Claims? Understanding Insolvent Estates in North Carolina Probate When a person dies in North Carolina, their assets form an estate that must pay valid outstanding debts before any distributions to heirs. Credit cards often rank as general unsecured…

