26
April
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Article 34 – PAYMENT OF DEBTS OF DECEASED PERSONS

By: Ashelle Edwards
This lesson provides information on:
- Ascertaining the Assets and Liabilities
- Solvency or Insolvency of the Estate
- Insolvent Estates
- Agreement between the LPR and Creditors
- Administration under Direction of the Court
- Administration Under the Bankruptcy and Insolvency Act Ch 9:70
- Insolvent Estates
- Order of Payment of Debts
- Funeral, Testamentary and Administration Expenses
- Secured Creditor/Secured Debt
- Preferred Debt
- Ordinary Debt
- Deferred Debt
- Solvent Estates- Intestacy
- Solvent Estates- Testate