Dying with no assets, but with credit cards
No one is sick, no one is dying, no one is dead.
You always hear how credit card companies have to eat the money when someone declares bankruptcy or charges are contested, and it got me thinking.
Let's say someone is renting an apartment, just scraping by, they have very little or no savings and no big assets like a house or property. What they do have is thousands of dollars of credit card debt. What happens to that debt if they die? Does the credit card company eat the money?
Again, this is hypothetical. Thanks for your thoughts.