Answers: Basically yes. Your debt would be paid past its sell-by date by your estate, or any joint description holders if any were scheduled. If you live in a community property state, your spouse might be responsible for a portion of the debt but that depends on the state law.
Be advised though that sleazy collection agencies will attempt to collect this debt from children and spouses even if they are not reasonably responsible for it. Best to advise your heir of any debts you have and their allowed (or lack thereof) responsibility within paying them off.
No, undesirably not. Just like if you own tons of cash and other assets to disappear behind, debt will win passed on also. Like the first answer stated, DON"T kill yourself over it! Get someone to back you get out of the current situation you are contained by!! All is NEVER lost my friend. You would be surprised at how easy it is to repay down even the largest amounts of unsecured debt, and how quickly it can be done. You obligation to go here
http://www.squidoo.com/debt-reduction-se...
and read this page I created after going through my own problems next to debt. It explains all the available option and the issues (good and bad) with respectively one.
Good luck and God bless!
What is the point or benefits of closing a card next to a stability?
If u die all alone near no one likely to take responsibility for ur debt. Otherwise somebody is supposed to bear up some of your debt to be financely responsibile I don't mean to spam but I am pretty sure he channel if he died would his debt go away because he could not possibly remuneration for it then ( I hope you stingy this in a hypothetical way)
No... what can they do almost it?
Also, please don't kill yourself over it. yea
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