In most cases, you aren't personally liable for debt that someone leaves behind when he or she passes away, but that doesn't mean you don't ultimately feel the burden of that debt. Typically, the law expects debt to be settled out of any assets associated with a person's estate, which means heirs stand to inherit less if debt is present.
Consulting a bankruptcy attorney is often seen as the last resort for those going through a financial crisis, and you might think that you are capable of pulling your family up by the bootstraps and taking care of the issues yourself. While bankruptcy is, in fact, something you should consider only if you can't make payment on your debts yourself, it also isn't something you should avoid at all costs. Waiting the problem out could only make it worse, and if you don't take action now to get things in order, you could leave your heirs and beneficiaries with nothing but debt. Here are three times when you might want to seek out legal debt relief assistance soon.