First of all, you should be spanked many, many times for taking advantage of your father's credit rating. There is no excuse for what you did. However, now that you've done it and probably caused your father undue concern and stress, you have to solve the problem. Obviously, the creditors can make a claim against the estate and any good lawyer can discover that you've hidden the assets to avoid payment. I suggest you transfer the debt into your name and declare bankruptcy. You really should spare your sister the stress and concern associated with this financial irresposibility. Besides, it doesn't sound like you have a lot of credit rating to lose. In declaring bankruptcy, you are still entitled to keep your accommodation, vehicle and other basic necessities of life. You really shouldn't strap your family with your financial obligations because it just upsets everyone ... so you deserve another 25 lashes on top of the spankings. Step up to the plate ... and besides, no credit card company is going to say that small payments are not acceptable providing they cover the interest and a tiny bit of the principal. In fact, you are their favourite type of customer.Quote has been trimmed, See full post:
And ... if you have a credit rating, take out a bank loan at a much lower interest rate, pay it all off and make the payments to the bank.
Don't even need to declare bankruptcy. What you need to do is sign a legal agreement with your father's estate that ties you into a loan repayment scheme; then, your father's trust can repay your debt, and you pay your the trust back just like you would to a bank, but if you miss a payment, your sister can sue your *** off. You have abused your family, and need to restore yourself. Work at it.