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Are successors obliged to renounce a succession whose debts are greater than its assets?

April 26, 2017assets debts greater obliged renounce Succession successors

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Are successors obliged to renounce a succession whose debts are greater than its assets?

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No. However, under the Civil Code of Qubec provisions dealing with the liquidation of successions, successors will be held liable for the debts of the succession up to the value of the property received.