What happens if you die in debt?

OK, so you're dead but you still owed people 1 billion dollars.  Do the collection agencies start coming after your wife and kids for the money?

If you borrowed it from Vinnie, yes!

You leave your family in debt.
Well, thats how it works in Australia, I assume its the same in the US

>>3
Australia is a former penal colony with an outdated legal code.

>>3
only if your family agrees to inherit what you leave behind. just because you're in family with someone you are not necessarily jointly and severally liable.

What if you haven't seen your sister in like 20 years and some IRS agents and a swat team burst into your house and throw you in jail ecuase apparently she died after racking up $200000 by circling credit cards?

What if your entire family is dead

>>7
then the lender made a bad investment

f

My understanding is that here in America, debt collectors cannot go after surviving family members for the debts of of deceased relatives.  The creditors can go after the estate of the dearly departed, and in the cases of joint assets, the other person may have to fork over the joint asset to pay off creditors, but that is about all that they can do.

If I ever get diagnosed with a terminal illness I will take out a huge loan, anonymously donate it all the charity and save like $20000 to spend on heroine and coke to dull the pain and write some creative death poems before I die of an OD.

Your dad's got a pretty big package.

>>10
Bob Ross, after you died, what happen to your debt?Did the creditors try to steal your happy little trees?

>>13
No. despite what religions try to tell you, I took them with me when I died.