[WSBAPT] paying debts/closing insolvent estate

[Roger Hawkes]

Reject the claim, wait thirty days; if no lawsuit that claim is gone; then you know what claims are valid.  Don't pay any claims you are not legally required to pay.

Roger Hawkes, WSBA # 5173
19909 Ballinger Way NE
Shoreline, WA 98155
www.hawkeslawfirm.com<http://www.hawkeslawfirm.com>
206 367 5000
Fax is 206 367 4005

From: Krista MacLaren [mailto:kjm.inc at mac.com]
Sent: Wednesday, November 19, 2014 2:20 PM
To: wsba probate & trust
Subject: [WSBAPT] paying debts/closing insolvent estate

Hi Listmates:

I have what was considered an insolvent estate upon opening the probate.  The creditor claim period has now passed, and many creditors did not file claims (although actual notice was given to all), so there may be some money left over for the sole heir.  I am trying to decide if it is better to go ahead and accept the few filed claims and pay them, and perhaps send a rejection to a debt collection agency that failed to file a claim but sent demand letters during the claim period, and then file a verified final report and petition for distribution and closing, OR to wait to accept or pay claims, file a verified report and petition asking the court to approve payment of the claims, approve rejection/ignoring of any other creditors (who failed to file claims), payment of attorney fees, funeral expenses, etc., and discharge of PR after paying creditors.

Suggestions?

Thanks so much!
Krista


Krista J. MacLaren
Attorney at Law
Northgate Executive Center II
9725 3rd Ave NE, Suite 600
Seattle, WA 98115
(206)523-6116
kjm.inc at mac.com<mailto:kjm.inc at mac.com>

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