answersLogoWhite

0

Companies write it off if they can not claim payment for the estate and the family does not pay it. The family is only responsible if their name is on the bills with the deceased. In most situations when monies can not recovered due to death, they the company writes odd the debt as bad debt. The estate of the deceased is responsible for contacting all possible debtors and informing them of the death. They are also responsible for a full inventory of the assets of the estate. If the assets are greater then the debts, all debts will get paid off and the rest distributed to the heirs.

User Avatar

Wiki User

18y ago

What else can I help you with?