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
• 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

Article-34-Payment-of-Debts-of-Deceased-Persons