What Happens if a Creditor Account Is Transferred After Death? | NC

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Q: What happens if a creditor account is transferred to a new company after someone dies? A: The debt usually does not disappear just because a new company takes over the account after death. The new company can usually step into the prior company’s role for collection or claim purposes. But it still has to deal with the estate through the person legally appointed to act for the estate. That is…