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Rohit has worked as a doctor for over 20 years. He has a wife and four children under the age of twelve who are dependent
Rohit has worked as a doctor for over 20 years. He has a wife and four children under the age of twelve who are dependent on his income. Unfortunately, Rohit spends about 50% of his income on expensive jewellery, cars and playing poker. He's deeply in debt on his credit cards. In addition, Rohit owes a significant amount of money in back income taxes. When Rohit died suddenly his wife realized that Rohit owed much more than he had it assets. Given this scenario what will the executor of Rohit's estate likely do? Select one: a. Sell Rohit's assets and give the proceeds to his wife b. Sell Rohit's assets and pay off as much of his debts as possible c. Sell Rohit's assets to pay off the balances of the credit cards d. Declare the estate bankrupt Next p
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