QUESTION
Do I need to repay my partner’s loan after he passed?
Asked on Oct 24th, 2016 on Bankruptcy - California
More details to this question:
My live-in boyfriend borrowed $4200.00 from a friend in December 2011. However, he passed away a few years ago. Now his friend is trying to collect this money from me. My boyfriend did leave me his assets. They only had a verbal agreement.
2 ANSWERS
He cannot come after you. He could come after your boyfriend's assets but it it not easy. If your boyfriend had no estate and no administrator or executor and no will, the creditor would have to go into probate court and get an administrator appointed before a creditor could sue. For $4200, nobody is going to do that.
Answered on Nov 22nd, 2016 at 4:25 AM
You get two years to collect on an oral agreement so he may not be within the Statute of Limitations.
Answered on Nov 22nd, 2016 at 4:24 AM