NBE Funeral Service Director

Category - Arts - Regulatory Compliance

What is the process by which a creditor may collect from the estate of a deceased person?
  1. Bankruptcy
  2. Civil lawsuit
  3. Claim
  4. Service of process
Explanation
Answer: C - A claim is the process that a creditor may make to collect a debt from the estate of a deceased person.

Creditors seeking to collect a debt from the estate of a deceased person may pursue a creditor’s claim against the estate. This claim may be considered during the probate process or other judicial proceeding to determine priority and resolution. A civil suit is an action brought by a party against another in civil court. A service of process is a notice of a pending legal action that is given to a party by means of service by an individual usually authorized by a court of law. Bankruptcy is a process used to reorganize ones financial situation and/or dispose of outstanding debts.
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