- Joined
- Sep 16, 2013
The creditors will almost certainly have to eat the debt when Chris moves on. You aren't liable if your estranged half-brother does something stupid. It's not like they'd get much money from Coleslaw, anyway.
It is taken out of his estate, in that noone can receive his assets until his debt is paid. Suppose he dies owning 14BLC. If someone like Cole inherited 14BLC, he would be obliged to pay the debts out of the proceeds from the estate. It does net out at 0. So if Chris dies with assets than liabilities, noone is on the hook for the difference.
Basically, when Chris dies, his creditors will have claims on whatever assets he owns. (Probably nil now, but he could accumulate/inherit some stuff). Anything left over will be distributed to his relatives or whoever he names in his will.