What would happen to my assets and my debts if I pass away?

I filed for bankruptcy this year and I am already near my 60's where anything could happen. I've always wondered what would happen to my assets in the bankrupt estate or my remaining debts in case something bad happens to me and I pass away, hoping that this doesn't happen to me and that I live a longer life.

Search other products or providers:

  • user image

    No Name

    Hoping that you live for the longest time possible, should you pass away, your yestate (different from bankruptcy estate), assets, money, property etc.. distributed to persons who will inherit them would be subject to the funeral, testimony and administration expenses and the OA will continue managing the bankrupt estate to pay off your debts to the creditors. Therefore your death will not discharge you of your debts.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    Bank account was forced to close because of a company's bankruptcy

    Would my future employers know if I ever filed for a bankruptcy in the past?

    Who would manage my bankruptcy estate and who decides my target contributions?

    How much does it cost to file for bankruptcy?

    I cannot pay these expenses anyomore

    WHat would happen if I have been declared bankrupt?

    Related Reviews

    No refunding from wallet if there is an error in the process of toping up an amount

    NETSPay / Electronic Transfers Singapore

    This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app

    Face to face verification via live video call rather than visiting a branch

    FlexM / FlexM

    I think it is more seamless if we could have a face to face verification via live video call rather than having to travel all the way since the idea is convenience anyway. The direct bank to card transfer was good but they could consider including wallet to bank as well. It would also be nice if they include multiple currencies for multiple wallets with attractive packages for Malaysia especially since other wallets/banks don’t have Malaysia. I would also fancy if they ensure that the interface updates promptly especially for remaining balance and suspended cards and include any charges upfront before users make payments

    Awesome features and top-notch security measures

    Revolut / Revolut

    I like how you can transfer your cash out and it’s liquid and at the same time you can use it for overseas payments. Love the feature of the one- time destroyable card number to protect your wallets from fraudsters. Very simple and straightforward user interface. Topping up the account was easy using credit card and there were plenty of security tools that allows you to turn on & off real time to keep your account safe. Real time viewing of exchange rate in app is definitely a function that I love so that I can do the conversion real time to know how much I will be spending in local currency.

    Dash all the way from Singapore to Thailand

    Dash / Telecom Equipment

    Singtel Dash is an e-wallet, so once you download the Singtel Dash app and log in, you can top up your dash account. It also works as a virtual visa account, so the account comes with its own unique 16-digit Dash Visa virtual account number and security code. Singtel Dash is can be used in Thailand in as well as in Singapore, making it more attractive to Singaporeans who frequently travel to Thailand. The app also lets you transfer money to another account, remit money overseas and, if you have an NFC-enabled phone, tap in and out of train and bus rides.

    Terrible customer service in Singapore.

    PayPal / PayPal

    This folks have a terrible customer service in Singapore. If you have a problem, then good luck trying to contact them. I requested for refund and stop any payment to a certain company because I did not receive the ordered items and there was no delivery schedule or whatsoever. The reply was really classic, "Thank you for reporting this case, after reviewing your case, we found that this transaction was not unauthorized and hence couldn't be covered under PayPal Purchase Protection" and just like that the case was closed.

    The range of partner merchants isn’t that extensive

    GrabPay / Gpay Network S

    If you’re a serial Grab commuter, you might already have used GrabPay.They also have a number of partner merchants who accept payment using the GrabPay app.You have to top up your GrabPay account in order to use it anyway and honestly, the range of partner merchants isn’t that great and is mostly limited to small neighbourhood businesses. If you’re serious about using an e-wallet for most of your transactions, you will definitely need to download another e-wallet app for day-to-day use.