I am very sorry to hear about your husband and no doubt there are more pressing issues at the moment than creditors. However, debts are binding on the estate and if you are a joint borrower you would be responsible for these debts and there is no guarantee that any insurance policies will pay out.
You will need to get some advice but it may not be wise to rush into anything just yet. Advise any creditors who call of the situation and ask them to hold off for a month while you look at the options.
How absolutely devastating for you, and I am so sorry to hear of your very sad loss. Michael gives good advice about taking your time to deal with the financial issues, but it might be worth arranging a chat with a solicitor to see how you stand with regard to the estate and the extent of any liabilities you may now have personally.
Please take your time to deal with this, given the circumstances I am sure that the creditors will be as helpful as possible.
I'm so sorry! You're very brave facing up to reality so soon but please make sure you are ok and feel strong enough. Depending on your husband's financial arrangements it could be quite complex and I would suggest you speak to one of our experts who will guide you through to a solution. An iva may be one of your options for the unsecured debt. xx
So sorry to hear of your loss Carole. As the other posters have suggested, it might be worth speaking to someone about the debts but only when you are ready to. I'm sure your creditors will be more than sympathetic given the circumstances x
When you make a mistake, don't look back at it long...the past cannot be changed. It is the present and future that counts
Hi Carole - welcome to the forum and I am so sorry to hear on what terrible circumstances you have come to us. I hope you have got plenty of support at the moment as you come to terms with everything and have the awful task of sorting things out. We are all here to give what support and advice we can as and when you need is. Thinking of you and those around you.
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Im so sorry to read your post. I hope you managed to get through this
thinking of you Rich
"Always remember that the future comes one day at a time."
IVA completed . Just started a blog, if you get chance please take a look. http://rich.blogs.iva.co.uk/
So sorry to hear that Carole - please accept my condolences. As everyone has said, while it's admirable that you want to sort everything out quickly, take time to grieve and reflect and sort things out when ready.
So sorry for your sudden loss. As said above, take time to sort these things out, once you are settled in yourself. The creditors, I am sure, will understand and, in any event there is little to be done until the estate is settled and you will then know where you stand financially.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
