Where I live you can inherit your parents debt if they die. Though your parents can get an insurance policy that will guarantee that you don’t inherit their debt once they die and allows you to keep whatever it was that they were trying to pay off.
Now if the parent is still alive, but disappears leaving behind debt then their child will not have to pay it off lest they co-signed
so true, in my country there's possibility to inherit the debt only if your parents is dead
but in manhwas there's tons of stories when mc must pay just because debtor run away, so stupid lol
The thing is that in SK, that stupid fact is a reality, I can't understand how have they not changed it already.
Love to know that most countries have common sense, though we will never meet a Sugar Daddy who will fall in love with us for no reason at all..
Some places do have that as a law. Just like how there r different laws n rules everywhere worldwide lmao.
.. debts are not hinerited. Is this a korean thing?
The only debt that one has is the one they co-sign, and if they don't, once that person dies, the children can run to a notary and rennounce of the debts. If the debtor disappears, the children have no legal obligation. I know it by experience.
It would be horrible to have your life ruined because of your parents decisions, feels like SK has not improved further than in technology...