Quote:
Originally Posted by Hack&Lube
What happens to debt when you die?
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An article about Insolvent Estates (from BC):
http://rulelaw.blogspot.com/2006/07/...t-estates.html
Instead of administering the estate yourself, you may apply to court for permission to have a trustee in bankruptcy appointed under the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3. The trustee in bankruptcy would then assume responsibility for distributing the assets among the creditors
In an insolvent estate, a court application could be made to determine how to divide the estate amongst the creditors, and discharging the executor.