As a widower upon my death can creditors claim

[GordonH]

As a widower upon my death can creditors claim outstanding debt from my next of kin (children)

[plasticdaft]

I believe they can claim from the estate(what you leave behind),but your debts cannot be passed onto your children.

[Michael Peoples]

As plasticdaft says the debts are binding on your estate. It may be an idea to take out a life insurance policy to cover the debts and your children would then benefit from any estate. Depending on it's value your children could pay for the cover.

[GordonH]

Thanks for information.The problem is there will be no "estate" - just debt.

I am worried that my children may be held liable.

[kallis3]

Your children are safe, they are not held liable for your debts.

If you have no assets, then the debts will die with you.

[GordonH]

Kallis3

Thanks for that - huge sigh of relief

[Michael Peoples]

Oddly enough in bankruptcy the assets of the debtor are referred to as 'the estate' as if they were dead. I think the word 'pot' as used when to referring to the IVA contributions is a much nicer word.

[kallis3]

Quite agree Michael - much nicer!