Why is the estate of the deceased debtors regarded as bankrupt in the eye of the law?
Why is the estate of the deceased debtors regarded as bankrupt in the eye of the law? Tim Cella used to work at several law firms Which estate? This totally depends on the circumstances. Assuming that this the case, my guess is it that the estate of a deceased debtor is generally regarded as bankrupt in the eyes of the law because the estate is unable to pay off all of the debts of the deceased. When a person passes away, all of the assets they owned are collected, including any real estate, investments, and other physical items. These assets are then used to pay off the various creditors who were owed money by the deceased person. However, in most cases, the assets of the deceased are not enough to cover all of the debts. This means that the creditors will not be able to receive the full amount that was owed. As a result, the estate of the deceased is considered bankrupt in the eyes of the law, since the creditors are not able to receive the full amount owed to them. In addition...
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