SUMMARY OF THE ARTICLE 1.- Who is liable for inheritance debts. Heirs are primarily liable for the debts of the deceased. They succeed the deceased in all his rights and obligations (Article 661 of the Civil Code). Creditors may bring claims against any heir for the full amount of the debt. Legatees, by contrast, are […]
SUMMARY OF THE ARTICLE 1.- What revolving credit cards are and why they can generate indefinite debt. It is a Rotating credit that allows drawing up to a limit through small monthly instalments that renew automatically. Danger: these instalments barely amortize capital while interest compounds permanently, generating indefinite debt. 2.- First avenue: nullity for excessive […]
SUMMARY OF THE ARTICLE 1.- The real charge over the property. When purchasing a property under horizontal property regime, the property becomes subject to the payment of the general expenses owed by the seller to the community. This liability, governed by Article 9.1.e) of the Horizontal Property Law, is subject to a time limit: the […]
