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Is the wife responsible for husbands debt?



beautifulbutsad

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Sub: Is the wife responsible for husbands debt?
Fri, 27/08/2010 09:01

if a husband has a business debt does the wife have to take responsibility to pay it off?



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Sub: #1 I live in California and we do not have to inform our spouse wheFri, 08/27/2010 - 09:01



I live in California and we do not have to inform our spouse when applying for credit, except when buying real estate. My husband has debt that I did not sign for and I am not responsible for paying his debt.


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Sub: #2 Is the husband responsible for wife's debt?Sun, 01/31/2010 - 06:30



Is the husband responsible for wife's debt?


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Sub: #3 My wife and I filled bk and we have no assets now.Due to some weFri, 08/14/2009 - 15:20



My wife and I filled bk and we have no assets now.Due to some weird circumstances I am probably going to have some default judgement filed against me and my business. If we start up another business in my wife's name only will they be able to come after her new assets as she grows her business. We live in Calif


NASCAR_Devil
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Sub: #4 No, however the finance company does have the right to repo the Sun, 05/31/2009 - 09:28



No, however the finance company does have the right to repo the vehicle once it goes delinquent. They willl sell it at auction and will attempt to collect the deficiency balance. At that point, then send them a copy of the death certificate.


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Sub: #5 is a spouse responsible for car loans if not a cosigner after spSat, 05/30/2009 - 19:19



is a spouse responsible for car loans if not a cosigner after spouses death in ny.state


NASCAR_Devil
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Sub: #6 Quote:his business which is incorporated Says it all right tWed, 01/21/2009 - 14:25



Quote:
his business which is incorporated


Says it all right there. The only way you could be held liable is if you signe a Personal Guarantee.


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Sub: #7 As has been pointed out, much of this depends on the state whereWed, 01/21/2009 - 13:41



As has been pointed out, much of this depends on the state where it happened. If it a serious amount of money, I would suggest speaking with an attorney.


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Sub: #8 What if you were not married at the time of his business which iWed, 01/21/2009 - 11:00



What if you were not married at the time of his business which is incorporated then you do get married later, would the wife because responsible for his debt?


clovisca1949
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Sub: #9 So much depends on whether your and your husband's assets were "Wed, 01/21/2009 - 09:34



So much depends on whether your and your husband's assets were "co-mingled". In other words, a joint checking account could be attached to pay the debts of either person. Your personal checking account might not be attachable to pay the debts of your husband (it would depend on whether joint funds were deposited in your personal account, I think). Another thing to consider is whether you still have personal assets that were acquired prior to your marriage....as long as they remained "separate" property, I think they would arguably be safe from your husband's debt.


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Sub: #10 DEBTTue, 01/20/2009 - 20:41



MY HUSBAND RECENTLY HAD A STOKE AND IS DISABLED. HE HAS $16,000.00 ON 2 CHARGE CARDS. I AM NOT NOT THE CARDS, NOR HAVE A EVER USED THEM. AM I RESPONSABLE FOR PAYING. HE NOW HAS NO INCOME.


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