About 'repay the debt'|The Debt that We Owe, But Can Never Repay

About 'repay the debt'|The Debt that We Owe, But Can Never Repay

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Ｔｈｅ               ｃｒｅｄｉｔｏｒ               ｗｏｕｌｄ               ｎｅｅｄ               ｔｏ               ｍａｋｅ               ａｎ               ａｐｐｌｉｃａｔｉｏｎ               ｆｏｒ               ｔｈｉｓ               ｔｏ               ｈａｐｐｅｎ. Ｉｆ               ｔｈｅ               ｄｅｂｔ               ｗａｓ               ｌａｒｇｅｒ               ｔｈａｎ               ｔｈｅ               ａｍｏｕｎｔ               ｒｅｃｅｉｖｅｄ               ａｆｔｅｒ               ｌｉｑｕｉｄａｔｉｏｎ,               ｔｈｅ               ｅｎｔｉｒｅ               ｅｓｔａｔｅ               ｃｏｕｌｄ               ｂｅ               ｌｏｓｔ               ｔｏ               ｔｈｅ               ｃｒｅｄｉｔｏｒｓ. Ｔｈｅｒｅ               ｉｓ               ａｌｓｏ               ｔｈｅ               ｐｏｓｓｉｂｉｌｉｔｙ               ｔｈａｔ               ｔｈｅ               ｃｒｅｄｉｔｏｒｓ               ｍａｙ               ｔｒｙ               ｔｏ               ｒｅｃｏｖｅｒ               ａｎｙ               ｏｕｔｓｔａｎｄｉｎｇ               ａｍｏｕｎｔ               ｆｒｏｍ               ｔｈｅ               ｂｅｎｅｆｉｃｉａｒｉｅｓ               ｏｆ               ｔｈｅ               ｅｓｔａｔｅ,               ｂｕｔ               ｔｈｅｒｅ               ａｒｅ               ａｃｔｕａｌｌｙ               ｎｏ               ｌｅｇａｌ               ｇｒｏｕｎｄｓ               ｆｏｒ               ｔｈｉｓ. 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Ｔｈｅ               ｃｒｅｄｉｔｏｒ               ｈａｓ               ａ               ｌｅｇａｌ               ｒｉｇｈｔ               ｔｏ               ｄｅｍａｎｄ               ｉｍｍｅｄｉａｔｅ               ｐａｙｍｅｎｔ               ｉｎ               ｆｕｌｌ. Ａｖｏｉｄ               ｃｏ-ｓｉｇｎｉｎｇ               ａ               ｌｏａｎ               ｆｏｒ               ａｎｙｏｎｅ,               ｉｆ               ｐｏｓｓｉｂｌｅ,               ｂｕｔ               ｔｈｅｒｅ               ｍａｙ               ｂｅ               ａ               ｃｉｒｃｕｍｓｔａｎｃｅ               ｗｈｅｒｅ               ｙｏｕ               ｍｕｓｔ               ｄｏ               ｓｏ. Ｂｅ               ｆｕｌｌｙ               ａｗａｒｅ               ｏｆ               ｙｏｕｒ               ｌｅｇａｌ               ｏｂｌｉｇａｔｉｏｎｓ               ｗｈｅｎ               ｍａｋｉｎｇ               ｔｈｉｓ               ｄｅｃｉｓｉｏｎ;               ｔｒｙ               ａｎｄ               ｅｎｓｕｒｅ               ｔｈｅｒｅ               ａｒｅ               ａｓｓｅｔｓ               ｗｈｉｃｈ               ｗｏｕｌｄ               ｃｏｖｅｒ               ｔｈｅ               ｌｏａｎ               ｉｎ               ｔｈｅ               ｅｖｅｎｔ               ｏｆ               ｄｅａｔｈ               ｏｒ               ｄｅｆａｕｌｔ               ｏｎ               ｔｈｅ               ｌｏａｎ. Ｍａｋｅ               ｓｕｒｅ               ｙｏｕ               ｋｎｏｗ               ｔｈｅ               ｅｘａｃｔ               ｆｉｇｕｒｅ               ｙｏｕ               ｗｏｕｌｄ               ｂｅ               ｌｉａｂｌｅ               ｆｏｒ               ｉｎ               ｔｈｅ               ｅｖｅｎｔ               ｏｆ               ｔｈｅ               ｄｅａｔｈ               ｏｆ               ｔｈｅ               ｐｒｉｍａｒｙ               ｌｏａｎ               ａｐｐｌｉｃａｎｔ.                Ｎｏｗ               ｉｓ               ｔｈｅ               ｔｉｍｅ               ｔｏ               ｔａｌｋ               ｔｏ               ｙｏｕｒ               ｐａｒｅｎｔｓ               ａｎｄ               ｒｅｌａｔｉｖｅｓ               ｔｏ               ａｓｃｅｒｔａｉｎ               ｗｈｅｔｈｅｒ               ｔｈｅｉｒ               ｆｉｎａｎｃｉａｌ               ｐｏｓｉｔｉｏｎ               ｉｓ               ｌｉｋｅｌｙ               ｔｏ               ｃａｕｓｅ               ｙｏｕ               ａｎｙ               ｐｒｏｂｌｅｍｓ. Ｉｆ               ｔｈｅｙ               ｈａｖｅ               ａ               ｄｅｂｔ,               ｄｉｓｃｕｓｓ               ｗｉｔｈ               ｔｈｅｍ               ｈｏｗ               ｔｈｅｙ               ａｒｅ               ｄｅａｌｉｎｇ               ｗｉｔｈ               ｉｔ;               ｇｅｔ               ａｄｖｉｃｅ               ｆｒｏｍ               ａ               ｆｉｎａｎｃｉａｌ               ａｄｖｉｓｏｒ               ｉｆ               ｎｅｃｅｓｓａｒｙ. Ｈａｖｉｎｇ               ｓｏｍｅ               ｋｎｏｗｌｅｄｇｅ               ｏｆ               ｔｈｅ               ｓｉｔｕａｔｉｏｎ               ｗｉｌｌ               ｇｉｖｅ               ｙｏｕ               ｍｏｒｅ               ｏｐｔｉｏｎｓ,               ｉｎ               ｔｈｅ               ｅｖｅｎｔ               ｏｆ               ｔｈｅｉｒ               ｄｅａｔｈ. Ｉｎ               ｔｈｉｓ               ｃａｓｅ,               ｉｔ               ｉｓ               ｂｅｓｔ               ｉｆ               ｙｏｕ               ａｐｐｒｏａｃｈ               ｔｈｅ               ｃｒｅｄｉｔｏｒｓ               ａｓ               ｓｏｏｎ               ａｓ               ｐｏｓｓｉｂｌｅ               ａｎｄ               ｔｒｙ               ｔｏ               ｍａｋｅ               ａｒｒａｎｇｅｍｅｎｔｓ               ｔｏ               ｒｅｐａｙ               ｗｈａｔ               ｙｏｕ               ｃａｎ. Ｂｙ               ｃｏｎｔａｃｔｉｎｇ               ｔｈｅ               ｃｒｅｄｉｔｏｒ               ｙｏｕｒｓｅｌｆ,               ｙｏｕ               ｍａｉｎｔａｉｎ               ｃｏｎｔｒｏｌ               ｏｆ               ｔｈｅ               ｓｉｔｕａｔｉｏｎ               ａｎｄ               ａｒｅ               ｍｏｒｅ               ｌｉｋｅｌｙ               ｔｏ               ｂｒｉｎｇ               ａｂｏｕｔ               ａｎ               ａｃｃｅｐｔａｂｌｅ               ｒｅｓｕｌｔ.

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