{"id":764,"date":"2016-01-13T14:38:03","date_gmt":"2016-01-13T19:38:03","guid":{"rendered":"http:\/\/dpavocats.ca\/?p=764"},"modified":"2016-01-13T14:38:03","modified_gmt":"2016-01-13T19:38:03","slug":"what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent","status":"publish","type":"post","link":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/","title":{"rendered":"What to do when a loved one dies and the estate is insolvent?"},"content":{"rendered":"<p style=\"text-align: justify;\">A succession is insolvent when there are not enough assets to pay the debts to creditors of the deceased.<\/p>\n<p style=\"text-align: justify;\">Did you know that there are many ways to treat the liquidation of an insolvent estate? The choice is yours as heir and liquidator. Indeed, you can either follow the procedure described in the Civil Code of Qu\u00e9bec, leave the Ministry of Revenue to support the settlement of the estate or you can use the services of a bankruptcy syndic. We will discuss these three methods in detail.<\/p>\n<p style=\"text-align: justify;\">Regarding the first method, you can process the liquidation of an insolvent estate according to the Civil Code of Qu\u00e9bec. According to Article\u00a0811 of the Civil Code of Qu\u00e9bec, \u201cif the property of the succession is insufficient, the liquidator may not pay any debt or legacy by a particular title before drawing up a full statement thereof, giving notice to the interested persons and obtaining homologation by the court of a payment proposal which contains a provision for a reserve for the payment of any potential judgment\u201d. Thus, the liquidator shall submit a proposal of payment to the creditors and it must be approved by the court before the liquidator can dispose of any property of the deceased. This process usually requires you to retain the services of a notary or lawyer.<\/p>\n<p style=\"text-align: justify;\">Regarding the second method, when all the heirs renounce the succession, you must contact the Ministry of Revenue, more specifically the Department of unclaimed property and make a request to the body. The Ministry of Revenue will cover the settlement of the estate.<\/p>\n<p style=\"text-align: justify;\">Finally, with regard to the third method, a bankruptcy syndic can take care of the liquidation of the insolvent estate by placing it bankrupt. Rather than following the procedure of the Civil Code of Qu\u00e9bec, the trustee will comply with the federal bankruptcy laws. By entrusting the estate to the trustee, the liquidator and the heirs are not liable for the debts that the deceased owed to its creditors. In addition, dealing with a syndic generally allows you to liquidate the insolvent estate faster and ensure that funeral expenses as well as the management fees will be paid.<\/p>\n<p style=\"text-align: justify;\">Text written by Me Marie-Jos\u00e9e Gingras \/ Translated by Andrey Leshyner<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A succession is insolvent when there are not enough assets to pay the debts to creditors of the deceased. Did you know that there are many ways to treat the liquidation of an insolvent estate? The choice is yours as heir and liquidator. Indeed, you can either follow the procedure described in the Civil Code [&#8230;]\n","protected":false},"author":2,"featured_media":752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[269,141,68,268,44],"class_list":["post-764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-succession","tag-bankruptcy","tag-civil-code-of-quebec","tag-drolet-pigeon-avocats-inc","tag-liquidator","tag-succession-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\" \/>\n<meta property=\"og:description\" content=\"A succession is insolvent when there are not enough assets to pay the debts to creditors of the deceased. Did you know that there are many ways to treat the liquidation of an insolvent estate? The choice is yours as heir and liquidator. Indeed, you can either follow the procedure described in the Civil Code [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\" \/>\n<meta property=\"og:site_name\" content=\"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dpavocats\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-13T19:38:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"424\" \/>\n\t<meta property=\"og:image:height\" content=\"283\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxane Trudel-Pigeon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roxane Trudel-Pigeon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\"},\"author\":{\"name\":\"Roxane Trudel-Pigeon\",\"@id\":\"https:\/\/dpavocats.ca\/#\/schema\/person\/3356b142bc1c47678b9eecbc1b9b6eea\"},\"headline\":\"What to do when a loved one dies and the estate is insolvent?\",\"datePublished\":\"2016-01-13T19:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\"},\"wordCount\":388,\"publisher\":{\"@id\":\"https:\/\/dpavocats.ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg\",\"keywords\":[\"Bankruptcy\",\"Civil code of Quebec\",\"Drolet Pigeon Avocats inc.\",\"Liquidator\",\"Succession\"],\"articleSection\":[\"Succession\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\",\"url\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\",\"name\":\"What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\",\"isPartOf\":{\"@id\":\"https:\/\/dpavocats.ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg\",\"datePublished\":\"2016-01-13T19:38:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage\",\"url\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg\",\"contentUrl\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg\",\"width\":424,\"height\":283,\"caption\":\"Image of last goodbye between dying father and son\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/dpavocats.ca\/en\/drolet-pigeon-ste-marie-avocats\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What to do when a loved one dies and the estate is insolvent?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dpavocats.ca\/#website\",\"url\":\"https:\/\/dpavocats.ca\/\",\"name\":\"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\",\"description\":\"Vos droits au m\u00eame endroit\",\"publisher\":{\"@id\":\"https:\/\/dpavocats.ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dpavocats.ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/dpavocats.ca\/#organization\",\"name\":\"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\",\"url\":\"https:\/\/dpavocats.ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dpavocats.ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2018\/09\/logo-drolet-pigeon-avocat.jpg\",\"contentUrl\":\"https:\/\/dpavocats.ca\/wp-content\/uploads\/2018\/09\/logo-drolet-pigeon-avocat.jpg\",\"width\":400,\"height\":213,\"caption\":\"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.\"},\"image\":{\"@id\":\"https:\/\/dpavocats.ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/dpavocats\",\"https:\/\/www.instagram.com\/dps_avocats\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dpavocats.ca\/#\/schema\/person\/3356b142bc1c47678b9eecbc1b9b6eea\",\"name\":\"Roxane Trudel-Pigeon\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dpavocats.ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/92c508e86db8e16c3f6a3e2aa07b637c33f89713cd44c207ef7035b12c68d18c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/92c508e86db8e16c3f6a3e2aa07b637c33f89713cd44c207ef7035b12c68d18c?s=96&d=mm&r=g\",\"caption\":\"Roxane Trudel-Pigeon\"},\"description\":\"Me Roxane Trudel-Pigeon est avocate associ\u00e9e et concentre sa pratique en litige familial et en m\u00e9diation familiale\",\"sameAs\":[\"https:\/\/dpavocats.ca\/team-me-roxane-trudel-pigeon\/\"],\"url\":\"https:\/\/dpavocats.ca\/en\/author\/rtpigeon\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/","og_locale":"en_US","og_type":"article","og_title":"What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","og_description":"A succession is insolvent when there are not enough assets to pay the debts to creditors of the deceased. Did you know that there are many ways to treat the liquidation of an insolvent estate? The choice is yours as heir and liquidator. Indeed, you can either follow the procedure described in the Civil Code [...]","og_url":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/","og_site_name":"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","article_publisher":"https:\/\/www.facebook.com\/dpavocats","article_published_time":"2016-01-13T19:38:03+00:00","og_image":[{"width":424,"height":283,"url":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg","type":"image\/jpeg"}],"author":"Roxane Trudel-Pigeon","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Roxane Trudel-Pigeon","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#article","isPartOf":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/"},"author":{"name":"Roxane Trudel-Pigeon","@id":"https:\/\/dpavocats.ca\/#\/schema\/person\/3356b142bc1c47678b9eecbc1b9b6eea"},"headline":"What to do when a loved one dies and the estate is insolvent?","datePublished":"2016-01-13T19:38:03+00:00","mainEntityOfPage":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/"},"wordCount":388,"publisher":{"@id":"https:\/\/dpavocats.ca\/#organization"},"image":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage"},"thumbnailUrl":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg","keywords":["Bankruptcy","Civil code of Quebec","Drolet Pigeon Avocats inc.","Liquidator","Succession"],"articleSection":["Succession"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/","url":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/","name":"What to do when a loved one dies and the estate is insolvent? - Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","isPartOf":{"@id":"https:\/\/dpavocats.ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage"},"image":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage"},"thumbnailUrl":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg","datePublished":"2016-01-13T19:38:03+00:00","breadcrumb":{"@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#primaryimage","url":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg","contentUrl":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2016\/01\/Personne-\u00e2g\u00e9-et-fils.jpg","width":424,"height":283,"caption":"Image of last goodbye between dying father and son"},{"@type":"BreadcrumbList","@id":"https:\/\/dpavocats.ca\/en\/what-to-do-when-a-loved-one-dies-and-the-estate-is-insolvent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/dpavocats.ca\/en\/drolet-pigeon-ste-marie-avocats\/"},{"@type":"ListItem","position":2,"name":"What to do when a loved one dies and the estate is insolvent?"}]},{"@type":"WebSite","@id":"https:\/\/dpavocats.ca\/#website","url":"https:\/\/dpavocats.ca\/","name":"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","description":"Vos droits au m\u00eame endroit","publisher":{"@id":"https:\/\/dpavocats.ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dpavocats.ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/dpavocats.ca\/#organization","name":"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc.","url":"https:\/\/dpavocats.ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dpavocats.ca\/#\/schema\/logo\/image\/","url":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2018\/09\/logo-drolet-pigeon-avocat.jpg","contentUrl":"https:\/\/dpavocats.ca\/wp-content\/uploads\/2018\/09\/logo-drolet-pigeon-avocat.jpg","width":400,"height":213,"caption":"Drolet Pigeon Ste-Marie Avocats M\u00e9diateurs inc."},"image":{"@id":"https:\/\/dpavocats.ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/dpavocats","https:\/\/www.instagram.com\/dps_avocats\/"]},{"@type":"Person","@id":"https:\/\/dpavocats.ca\/#\/schema\/person\/3356b142bc1c47678b9eecbc1b9b6eea","name":"Roxane Trudel-Pigeon","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dpavocats.ca\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/92c508e86db8e16c3f6a3e2aa07b637c33f89713cd44c207ef7035b12c68d18c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/92c508e86db8e16c3f6a3e2aa07b637c33f89713cd44c207ef7035b12c68d18c?s=96&d=mm&r=g","caption":"Roxane Trudel-Pigeon"},"description":"Me Roxane Trudel-Pigeon est avocate associ\u00e9e et concentre sa pratique en litige familial et en m\u00e9diation familiale","sameAs":["https:\/\/dpavocats.ca\/team-me-roxane-trudel-pigeon\/"],"url":"https:\/\/dpavocats.ca\/en\/author\/rtpigeon\/"}]}},"_links":{"self":[{"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/posts\/764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/comments?post=764"}],"version-history":[{"count":1,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/posts\/764\/revisions"}],"predecessor-version":[{"id":765,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/posts\/764\/revisions\/765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/media\/752"}],"wp:attachment":[{"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/media?parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/categories?post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dpavocats.ca\/en\/wp-json\/wp\/v2\/tags?post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}