I recently filed a petition to open informal probate and application for assignment of personal representative. My father died intestate. He had owned his house outright but recently took out a reverse mortgage loan. His home was his only asset and I estimate 200k remaining in equity.
My father never paid any bills. He has a mountain of debt, mostly small loans, medical bills, overdrawn checking account and unpaid utilities.
I understand how to handle the reverse mortgage loan but I am worried about and bracing for an onslaught of creditor claims once I post my legal notice.
Im trying to teach myself strategy in dealing with this type of collection but am having trouble finding good resources.
Three years ago this forum gave me knowledge to beat an “account stated” lawsuit initiated by Portfolio Recovery and Associates after they bought my alleged $7500 C. C from Capital One. Maybe I can find advisor’s for this situation too!
Does anyone know where I can find quality strategy to fight this type of collector off?
I’m not even sure what to expect. Do most creditors go to the trouble of filing an estate claim? What are the chances they miss the short deadline? Are there any known Do’s or don’t’s? What are the best ways to challenge these collections?
The debts are mostly “grandpa” debts. Easily convinced by door to door sales. He financed a $4500 hyla vacuum, $7000 worth of ADT security in a gated neighborhood, custom vinyl window treatment $4000, vehicle navigation but didn’t drive $600, air purifier $1500 and on and on.
We live in a Idaho, uniform probate code, community property (no spouse) 5 year sol credit card debt.
Thanks