What is a creditor?

A creditor can be anyone who demands payment from your spouse for debts or who files a lawsuit against your surviving spouse claiming your spouse is legally liable to them. Litigants might be seeking compensation for slip and fall accidents, automobile crashes, or any of the many other reasons that people are being sued these days. The cost of defending against such litigation and a possible judgment that awards huge damages can financially ruin a surviving spouse, which will also impact negatively on your children.