According to the law, debts owed by parents are generally not required to be repaid by children. However, if the parents transfer the assets to the children, or if the parents live and run a business together with the children, then the children may be liable for certain debts. In this case, it is necessary to provide relevant supporting documents to prove the child's debt liability.
Here are some of the debts that may require your child to pay off your debts:
1.The parents transfer the assets to the children's names, and the assets are used to secure the debt. If the parents are unable to repay the debts, the creditor can apply to the court to require the children to be liable for the debts with these assets. In this case, it is necessary to provide relevant supporting materials such as proof of asset transfer, security agreement, etc.
2.Parents and children live and operate together, and the debts incurred are shared by both parties. If the parents are unable to repay the debt, the creditor can apply to the court to hold the child liable for the debt. In this case, it is necessary to provide proof of living and operating together, such as jointly signed contracts, invoices, etc.
3.The child inherits the estate of the parents, and the estate includes debts. If a child's share of the inheritance exceeds the value of the estate to which they are entitled, the excess may need to be used to pay off the parents' debts. In this case, it is necessary to provide a list of inheritances, inheritance certificates, and other relevant supporting materials.
It should be noted that the above situation is only one of the possible scenarios, and the specific situation needs to be judged according to the actual situation. If the child needs to bear the responsibility of the parents' debts, it is recommended to seek the help of a professional lawyer in a timely manner, understand the relevant legal provisions and develop a solution.