One important function of probate is the Notice to Creditors. A Notice to Creditors performs the function implied by its title: It notifies creditors of the decedent that an estate has been opened in a given Chancery or Probate court and that all creditors have 90 days from the first publication of the Notice to Creditors in which to file any claim against the estate. Pursuant to Section 91-7-151 of the Mississippi Code Ann., any claim not registered within 90 days from first publication is barred, and no suit can be maintained as to that claim. However, existing liens on a property owned by the decedent can still be enforced even if the lien-creditor failed to present the claim. See Section 91-7-167 Mississippi Code Ann.
Posts Tagged ‘Notice to Creditors’
Notice to Creditors
Tuesday, September 15th, 2009Tags: Mississippi Probate Attorney, Notice to Creditors
Posted in Executors, Probate | No Comments »
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