What Happens To A Person If They Die During Bankruptcy Can The Estate Of A Deceased Person Be Placed In Bankruptcy

Firstly, the estate of a deceased person can be placed in bankruptcy - the executor needs to have the propoer authority to do so, but the process is not much different that you see described in our website. Secondly, if a person dies while bankrupt the bankruptcy still continues, their funeral costs may be the first claim on an assets in the bankruptcy and the process otherwise continues as normal. The only other change may be that an asset that was exempt (for example, a vehicle required for work) may cease to be exempt and would be dealt with in the bankruptcy. This would largely depend on the will, who the beneficiaries are etc. Please call me at the number below if you would like to discuss this in more detail. Ian Schofield MNP Regina 306-790-7904