Grandfather had died but has debts what to do

[MikeyT]

Hi

 

I'm after some information please.

 

Last week my grandfather died.

 

Sadly he owes Barclay card roughly £7000.

 

I believe this card was taken out as a secured card on his property.

 

In his will he has left his house to both of his daughters 50% each.

 

My grandmother also passed 3 months ago.

 

My question is,

because he had equity in the house

is it up to my mother who now owns 50% of the house to pay this debt.

 

If so So Should the debt be split as she only has 50% of the house.

[dx100uk]

is there a charge on the property?

 

go look on www.trustonline.org.uk.

[MikeyT]

There are no judgements on the property Dx if that's what you mean by charges everything has been paid up to date and on time.

[BRIGADIER2JCS]

There are no judgements on the property Dx if that's what you mean by charges everything has been paid up to date and on time.

dx

 

 

 

 

dx means is there a charging order on the property registered with Land Registry, there would be one if the card was secured on the property.

 

 

It is the Land Registry you need to check.

[dx100uk]

if its a secured card

then what is it 'secured' on?

 

dx

[dx100uk]

opps yes sri

 

thanks brig

[MikeyT]

Ah thanks now I understand I will get this checked I imagine there is yes.

[sequenci]

I've never ever heard of a secured credit card. Please do double check.

 

This fact sheet is excellent: https://www.nationaldebtline.org/EW/factsheets/Pages/21%20EW%20Dealing%20with%20debts%20when%20someone%20dies/Default.aspx

 

Sorry to learn about your loss

 

- Seq.

[MikeyT]

Just out of curiosity if its not secured what would be the next step because my mother is sadly in bits and will make the wrong decisions concerning these debts. Thanks for the advice everyone

[dx100uk]

IMHO you ignore them

 

or

hand the paperwork over to your family brief

that's dealing with it all?

 

dx

[dx100uk]

oh and if there is no 'money' other than the house

 

TOUGH LUCK Barclaycard.

 

dx

[CrappoMan]

If the card is unsecured, then on death any debit balance becomes a liability of the estate. You should write to the card company enclosing a copy of the death certificate, telling them there debt will be dealt with in due course by the executor when the estate accounts are finalized. Ask them to freeze any interest from the date of death.The card company may accept a letter from the executor stating that there are insufficient funds to repay this debt. They will most likely 'write off' the debt and you won't hear anything again.

[sequenci]

oh and if there is no 'money' other than the house

 

TOUGH LUCK Barclaycard.

 

dx

 

The house potentially is the key issue here.

 

It would depend on how the property is owned (e.g. was it a joint tenancy or a tenancy in common). Typically, property is purchased as joint tenants. If this is the case Barclaycard *could* apply for an insolvency administration order which could either affect the property OR force the surviving owner to pay the debt. In reality this is very rare and most reasonable creditors write-off the debt.

[BRIGADIER2JCS]

Is the account still in the hands of the card provider or has the "debt" been subject to debt collection processes and a charging order made to secure the debt.