Would it matter if I died having a billion dollars in the bank or owing a billion dollars to my creditors?
Actually, it would matter. That billion dollars owed to your creditors is money that other people worked for and invested in trusting you. That's 8.6 million minimum wage workers who will go a day without pay because you didn't pay your debts.
Well, if you didn't leave a will or surviving relatives when you popped off when living anywhere in the county of Cornwall England... It all goes to Prince Charles. https://www.telegraph.co.uk/news/uk...t-wills-passes-to-Prince-Charless-estate.html But Charles does give it to charities via his ''Duke of Cornwall's Benevolent Fund.'' The Prince must work so hard raising funds. And from the Duchy's own site... https://duchyofcornwall.org/frequently-asked-questions.html God bless him.
such vast sums owed is mostly owed by scammer sociopath business people who destroy working class contractor companys by getting them to start work on housing developments & commercial buildings, then never paying them or their apprentices. completely crippling the private contractor and all their employees and costing millions in lost income tax and tax audit bills. these same private contractors miss their mortgage/house payments, get charged penalty fees by lender, and have bad credit scores rung up accordingly. in capitalist countrys like south korea, Japan & the usa, no money = no health care and no education which is effectively a death sentence for thousands of children & elderly. now a new type of thief goes around pretending to be a private contractor who takes your money UP-FRONT to do work on your grannys house, then steals stuff, hits her up for more money, then never does the job while continuing to ask for more and more cash. then does a runner. the UK has a really big issue with such people the usa is plagued by them as a normal expectation. if you owed the money to some big multi national then it doesnt matter at all. but that is rarely ever the case.
