So You’re Dead? That Won’t Stop the Debt Collector


	So You’re Dead? That Won’t Stop the Debt Collector
chestnut501
3-4-2009 6:02 AM
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tags:
debt collector, estate debt, law
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/58327e2f-4509-4a7e-b475-7d2b30527442/B470C2D2-2FD8-4838-A2F7-AB717CD9B22C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo" href="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo">
<P>MINNEAPOLIS — The banks need another bailout and countless homeowners cannot 
handle their mortgage payments, but one group is paying its bills: the dead.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo"></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo">
<P>Dozens of specially trained agents work on the third floor of DCM Services 
here, calling up the dear departed’s next of kin and kindly asking if they want 
to settle the balance on a credit card or bank loan, or perhaps make that final 
utility bill or cellphone payment.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo">
<P>The people on the other end of the line often have no legal obligation to 
assume the debt of a spouse, sibling or parent. But they take responsibility for 
it anyway.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo">Dead people are the newest frontier in debt collecting, and one of the 
healthiest parts of the industry.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/04/business/04dead.html?pagewanted=1&_r=1&exprod=myyahoo"><P fire="function() {
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}">For some relatives, paying is pragmatic. The law varies from state to state, but generally survivors are not required to pay a dead relative’s bills from their own assets. In theory, however, collection agencies could go after any property inherited from the deceased. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B470C2D2-2FD8-4838-A2F7-AB717CD9B22C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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