Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
No. A deceased person cannot have a bankruptcy filed primarily because all of a deceased person's property immediately goes into his/her estate at the time of death. If the estate does not have enough money to satisfy the debts, the creditors are paid on a pro rata basis set by state statute.
A creditor just loses/charges off whatever portion of its debt isn't covered by the assets of the estate.