Is the wife responsible for husbands debt?

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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 whe
Fri, 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 we
Fri, 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 sp
Sat, 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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Credits: 30821.544972777

Sub: #6 Quote:his business which is incorporated Says it all right t
Wed, 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 where
Wed, 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 i
Wed, 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 DEBT
Tue, 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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