Can an estate negotiate a settlement with a creditor in probate? | NC

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Q: Can the estate negotiate a settlement with a creditor, and when is the best time to do that during the probate process? A: Yes—most of the time, the personal representative, meaning the executor or administrator, can negotiate and resolve a creditor’s claim as part of managing the estate, especially for unsecured debts like credit cards. The best time is usually after the estate is officially…