What happens if an estate misses a settlement payment deadline? | NC

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Q: What happens if the estate can’t mail the settlement payment by the due date listed in the settlement letter? A: Usually, that due date matters. If the estate does not mail the agreed payment on time, the creditor may treat the settlement as expired and go back to the original claim amount. The safest step is to ask for a written extension before sending a late payment. If the creditor agrees…