Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.13

+1.0%

Nov 21 3:59 PM EST

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To: Jdaasoc who wrote (37541)	2/25/2000 10:53:00 PM
From: pompsander	Read Replies (1) of 93625

John and Victor...I believe that credit card debt, like any debt a person holds, becomes a debt of the estate upon death. Now, there are a variety of federal and state exemptions (homestead, et al) which can protect some of the estate from creditors, but they and usually do claim against any available assets. Now, if a person is so highly leveraged and what assets they have are secured (giving the holder of the security interest claim on those assets) there might not be enough available assets to pay off credit card debt, which is unsecured, lower preference debt after the exemptions are satisfied. So....in the worst cases, the credit card debt could be discharged because of nothing to pay it from. But I am not aware of any law which automatically eliminates such debt upon death. Other family members would not be liable for it, except in community property states a spouse might be jointly liable as the debt is really a community debt. Hey, How about that Rambus!!!!!! Don Green..Nice to see you back.

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