After an estate is settled, a court can figure out how much money the estate has and how much is owed to creditors. If there is not enough money to pay everyone in full, the court can decide to pay each creditor a fair share of what they are owed. The person in charge of the estate is then ordered to pay out those amounts, while keeping enough money set aside for bills that have not been decided yet.
473.570. , payment of — where insufficient. — After every settlement, when the best interests of the require it, on of any , the court shall the amount of money of the estate which has come to the hands of the from all sources and the amount of , and may the payment of the claims so allowable. If it appears that there is not sufficient assets to pay the whole of the debts and , the court may , in accordance with the of this law, among the that percentage of their claims as appears not adversely affect the rights of other creditors or the payment of . The court may order that the personal representative pay the claims allowable against the estate according to the apportionment, reserving sufficient assets to pay expected claims and also reserving apportionments made on claims which remain undecided until decision is had thereon.
(RSMo 1939 § 224, A.L. 1955 p. 385 § 202, A.L. 1980 S.B. 637)
Prior revisions: 1929 § 225; 1919 § 224; 1909 § 233
Effective 1-01-81
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Related Missouri laws
Failure to settle after citation, letters revoked
RSMo 473.567
Creditor may have execution, when
RSMo 473.573
Settlement after citation, penalty
RSMo 473.563
Scire facias against sureties, when
RSMo 473.577
Failure to file settlement, citation
RSMo 473.560
Proceedings on scire facias
RSMo 473.580
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.