People are often concerned about burdening their family with their debts when they pass on. Many people in Michigan fail to realize that those debts won’t become the responsibility of their family (unless they have co-signers). If the individual who passes has minimal assets; oftentimes, sending a notice with a death certificate is enough to get creditors to move on (heirs should seek out a probate attorney for someone with a sizable estate).
If you have sizable debts and are experiencing serious health issues there are times a bankruptcy could help with debts that may cloud assets in the event of a passing. Please contact our office if you have questions.
At the law offices of Andersen, Ellis & Shephard, we have represented thousands of individuals in consumer bankruptcy filings.