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May 29, 2017 15:55:44   #
badbobby Loc: texas
 
Mr Bombastic wrote:
He didn't have any heirs. I don't know of any relatives he had, or how to contact them. So how am I supposed to pay them?


let your conscience be your guide
if you can afford it
give to charity
BTW
if your conscience is really giving you a bad time
just send it to me
thank you

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May 29, 2017 15:58:28   #
lindajoy Loc: right here with you....
 
Mr Bombastic wrote:
Actually, the debt died with him. He has family, but they were no longer in contact with him. I really miss him. He could be a cantankerous ass sometimes, but we looked out for each other. He died about a month ago from copd. My only friends now are online, mostly on this site.


Pay it forward in whatever way you know he would like ...doesn't have to even be money...

Make someone else smile just because..

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May 29, 2017 15:59:09   #
lindajoy Loc: right here with you....
 
badbobby wrote:
let your conscience be your guide
if you can afford it
give to charity
BTW
if your conscience is really giving you a bad time
just send it to me
thank you


Lolololl was waiting for this... lolol you lil devil you!!!

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May 29, 2017 15:59:21   #
Mr Bombastic
 
lindajoy wrote:
Pay it forward in whatever way you know he would like me...

Make someone else smile just because..


Now THAT is some good advice.

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May 29, 2017 16:00:40   #
lindajoy Loc: right here with you....
 
Mr Bombastic wrote:
Now THAT is some good advice.



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May 29, 2017 16:01:25   #
pafret Loc: Northeast
 
Mr Bombastic wrote:
He didn't have any heirs. I don't know of any relatives he had, or how to contact them. So how am I supposed to pay them?


In that case there is no further obligation, if the sum had been huge you should make a more rigorous effort to find out; for instance if there is a will that has been probated it will list heirs. If this was documented via an IOU or other such instrument someone may contact you. If none of this is true and the debt is modest then there is nothing to be done. The debt cannot be repaid.

The driving factor here is that you gave your word that you would repay the loan. Once I have given my word I feel obligated to go to any length necessary to keep my word; others are more flexible so it depends on your personal creed as to when you are satisfied you have done everything necessary to keep your promise. If you make a good effort and believe you have taken all the steps possible, then that should satisfy any ethical or moral issues.

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May 29, 2017 16:06:25   #
Mr Bombastic
 
pafret wrote:
In that case there is no further obligation, if the sum had been huge you should make a more rigorous effort to find out; for instance if there is a will that has been probated it will list heirs. If this was documented via an IOU or other such instrument someone may contact you. If none of this is true and the debt is modest then there is nothing to be done. The debt cannot be repaid.

The driving factor here is that you gave your word that you would repay the loan. Once I have given my word I feel obligated to go to any length necessary to keep my word; others are more flexible so it depends on your personal creed as to when you are satisfied you have done everything necessary to keep your promise. If you make a good effort and believe you have taken all the steps possible, then that should satisfy any ethical or moral issues.
In that case there is no further obligation, if th... (show quote)


It was a small amount. I can't even remember how much. Maybe 40 dollars. Anyway, no one was financially dependent on him or anything, and I'm on a fixed income. I don't think would mind if I kept it. All that aside, I wish he was still alive so I COULD pay him.

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May 29, 2017 20:56:02   #
teabag09
 
Not in my book. Mike
Mr Bombastic wrote:
Question for the OPP community. Is it a sin to feel relief because someone you owed money to died and you don't have to pay them?

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May 29, 2017 20:58:37   #
teabag09
 
Or you could set it aside in case of need for you or someone you know. An emergency fund if you will. Mike
slatten49 wrote:
Just a thought...perhaps you could give the amount owed to a charity he favored, or even one that you favor in his name.

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May 29, 2017 21:10:11   #
teabag09
 
Pafret, I agree with most all of what you post, like Rush, in my understanding you are about 99.8% right, most of the time. In this case he didn't borrow from the family or heirs but the individual. If the family is destitute, I personally, if I could afford the money without jeopardizing my own situation, would turn the money to them. In this case, I would not. I'll ask LJ to speak on this as she has actual legal knowledge as to what is right and wrong. Sorry LJ. Mike
pafret wrote:
It is owed to his heirs, to assume that you are discharged from repayment is fallacious. Only if there are no direct or adopted descendants, or wife, can you assume the debt died with your benefactor. You borrowed the money and created the obligation to repay; there was no agreement that if he died you were discharged from payment so payment is due his estate. If you had died instead, you benefactor might not try to get repayment from your estate because after-all, you had to borrow from him. Banks and Medical collection agencies on the other hand are not so forgiving. They will hound your heirs and demand proof that you were a pauper before writing it off as a bad or uncollectible debt. Note that they never dismiss the debt, they only cease trying to collect it.
It is owed to his heirs, to assume that you are di... (show quote)

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May 29, 2017 21:33:42   #
goch1
 
If I'm not mistaken, any debt owed to a person who has died, is owed the the estate. In like manner, a debt that is owed by a person who has died will be paid from the estate within an order of priority. Anything left over is going to the those named in a last will and testament.

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May 29, 2017 23:47:29   #
pafret Loc: Northeast
 
goch1 wrote:
If I'm not mistaken, any debt owed to a person who has died, is owed the the estate. In like manner, a debt that is owed by a person who has died will be paid from the estate within an order of priority. Anything left over is going to the those named in a last will and testament.


I believe you are correct legally, however, the facts as stated don't seem to warrant any further effort. The amount is minimal and with no apparent heirs, doesn't seem prudent to expend any effort in disposing of this issue. It happens, time to remember his benefactor with gratitude and move on.

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May 30, 2017 01:10:20   #
lindajoy Loc: right here with you....
 
As a matter of law,
The obligation to repay a debt does not die with the creditor; if it did the debt would be a gift ... The assets of an estate, including the debt you owe, would be paid back to the Estate..

Since there is none, pay it forward in his name and make another Happy as he made you happy..

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May 30, 2017 03:05:50   #
America Only Loc: From the right hand of God
 
Mr Bombastic wrote:
I borrowed the money a few days before he died. I was gonna pay him back next payday. Honest.


You are NOT gonna BORROW any money from me...THAT may be deadly! Hahah OHOHOHehehehe

Seriously. Put it in a card...the money...CASH...and say something nice in it and give it to his surviving Family members.

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May 30, 2017 13:09:36   #
pafret Loc: Northeast
 
America Only wrote:
You are NOT gonna BORROW any money from me...THAT may be deadly! Hahah OHOHOHehehehe

Seriously. Put it in a card...the money...CASH...and say something nice in it and give it to his surviving Family members.


Read the posts, there were no surviving family members and no estate.

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