Can an Executor Settle Credit Card Debt for Less? | NC

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Q: Can an executor settle a credit card claim against an estate for less than the full balance? A: Yes. Under North Carolina probate law, an executor can usually settle an unsecured credit card claim for a reduced amount, as long as the executor acts prudently and protects the estate. The executor should first confirm that the claim was timely, properly documented, and actually owed by the…