Debts of the parents should be inherited by the children.

Michael Winner managed to rack up £12million in debt. What fool lent him the money? RBS? Northern Rock? UBS? I would love to know. He bought with mortgages flats for ex girlfriends. His unsaleable house was used as a guarantee for the mortgages. Why are bank managers so easily conned.

ANA , CSL !!

This thread is familiar.
I believe it was asked at the time. Just where the buck should stop. If I couldn't cover my parents debts and nor could my children, how far down the line should it go ?
Would great grandchildren be responsible??

Ridiculous idea.

He can't even spell! 'assetts'

HAH HAH!

I was skipping a bit so as not to hurt Bentley's feelings, Phoenix

Ana I agree.

No - Frank would never advocate such a thing!

It have been frank !!

Why did I know who the OP was before I even opened this thread?

Elegran I thought the next line was "he only does it to annoy............ and the "because" bit?

Elegran

What I am saying if the debts exceed the assetts the children should be liable.

Gerry

"Because he knows . . ."

The debts are subtracted from the assets before the children (or anyone else) inherits anything, Bentley

"Speak harshly to your little boy, and beat him when he sneezes................