View Full Version : How to collect/secure arrears if obligie is dying?
jewels656
Aug 20, 2011, 07:23 PM
Is there a way to collect or secure payment of over $30,000.00 of arrears, while the obligie is still alive but is due to die? While he still is not paying and arrears are still accumulating but he has nothing to begin with expect his social security that his new wife is entitled?.
AK lawyer
Aug 20, 2011, 08:24 PM
Is there a way to collect or secure payment of over $30,000.00 of arrears, while the obligie is still alive but is due to die? while he still is not paying and arrears are still accumulating but he has nothing to begin with expect his social security that his new wife is entitled?..
"obligee (plural obligees)
1.(law, finance) The party owed an obligation by another party, the obligor." obligee - Wiktionary (http://en.wiktionary.org/wiki/obligee)
So this person owes you over $30,000, right? And you are expecting to die soon?
What is this obligation for?
To answer your question, to my knowledge there is no mechanism to speed up payment in the event of your imminent death.
Fr_Chuck
Aug 21, 2011, 09:03 AM
If the person has nothing, then where do you expect this money to come from ?
jenniepepsi
Aug 21, 2011, 09:02 PM
Ak, I think that the OP is the obligee, and the person dying is the obligor.