Insolvent Deceased Estates

Insolvent Deceased Estates

jump to content

Insolvent Deceased Estates

People’s lives have become more complex and so have their financial affairs. The number of insolvent estates has also increased over the last few years because of these complexities. Therefore, it is important to spot an insolvent estate asap. If the executor or administrator dealing the with estate doesn’t they could end up personally liable for their actions.

An insolvent estate is where the assets of the estate are not sufficient to cover the money owed to creditors. Some of the debt may be covered by an insurance policy, for example, a life policy tied to a mortgage. Others may be joint debts, such as a joint credit card.

In effect the rules of bankruptcy apply to an insolvent deceased estate with some exceptions, for example, reasonable funeral costs and testamentary expense are paid before preferential and unsecured creditors but after secured creditors.

Clearly, this is a very complex area in what will already be a very difficult time and therefore expert advice is required. Our insolvency practitioner not only has many years of dealing with this area but has also recently passed the SWAT certificate in Probate and Estate Administration so understand both areas in detail. 


transparent gif

Personal Bankruptcy

What is bankruptcy? You’re declared bankrupt if you’re unable to pay off your debts. How does this happen? There are three distinct ... more

Latest Blog

Employee rights is an insolvency

One of the major aspects of any insolvency is what will happen to the employees. Any news story in relation to an insolvency will focus on ‘how many ... more

transparent gif

Find out more about how we can support you through the difficult and stressful process of personal bankruptcy. We’re here to help with clear, straightforward, empathetic support.

Call us on 0116 2325117 (Leicester) or 01926 671891 (Warwick), or email us on