What happens to your debt when you die: If you die with debt in Canada, do your spouse or kids inherit the debt? Read on if you owe money and want to know what happens to unpaid bills and loans.

What happens to your debt when you die: If you die with debt in Canada, do your spouse or kids inherit the debt? We'll walk through exactly what happens to your debts when you die, including credit card debt, mortgages and co-borrowed debt. Similarly, you can purchase life insurance to cover outstanding debt like mortgages, lines of credit and credit card debt. [Extracted from the article]