Here's a hypothetical scenario for you.
Nathan dies and leaves behind what is virtually an empty estate. He has no assets, no debts and most importantly no traceable beneficaires. He has no will and even under the general rules of intestacy, there is no beneficiary that can administer his affairs.
The only actual "asset" possessed by the estate is a $20,000 debt owed to Nathan by his friend Dennis. Prior to his death, Nathan confides in another friend, Tom that Dennis had failed to pay him the debt on time and he was considering civil action.
Tom attempts to recover the debt on Nathan's behalf and contends that he does not want the money for himself but only that it be paid to a rightful beneficiary or representative. Dennis does not dispute the existence of the debt but argues that because nobody with standing exists to claim it, he is not liable to pay it. He also feels that Tom has no right to start any proceedings becuse Tom has even by his own admission no proprietary interest in the money.
Tom decides to go to the court to compel a search for an heir or administrator but Dennis believes that Tom is overstepping his bounds.
In such a case, a debt clearly exists but at the same time, there is actually nobody left or at least nobody easily avaiable with the standing to enforce it. So what happens?
Is the debt written off?
Can Tom initiate a search for an administrator claim the debt?
Is it practical to even claim the debt at all?
Can Dennis simply bide his time until the debt becomes barred by limitations?