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Yes, you are responsible for the balance not recovered through an auction, certains fees the lender charges which include the tow. If bankruptcy if filed with the amount of the debt owed, then the debt is discharged and you are not responsible for any money owed. Since bankruptcy is Federal, it applies to All states.

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Q: Are you liable for the remainder of the loan if the car is surrendered voluntarily in Texas?
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In Texas is the surviving spouse responsible for department store debt still owed?

Texas is a community property state therefore a surviving spouse usually can be held liable for debts solely incurred by the deceased spouse. Exceptions can be made to this law based upon the circumstances of individual cases


Are you liable for your late husband's debts?

Perhaps. The extent of liability of a surviving spouse depends upon the laws of the state in which the married couple lived at the time of the person's death and the type of debt(s). Joint accounts/debts are always the responsibility of the surviving spouse. Married couples who reside in community property states are generally equally liable for all debts incurred during the marriage regardless of which spouse is the actual account holder and when a spouse passes away. Two "CP" states have exceptions to the rule, those states are Texas and Wisconsin.


When a car in Texas gets repossessed for failure of payment does the car company come after the main signer or the cosigner for paying off the rest of the loan?

Both. But in reality, they go after the money. If the primary is broke, doesn't have a job, homeless, whatever, the bank will go after the person with the money. Now aren't you glad that you co-signed? They'll first try to get the primary signer to pay the debt. If he can't, the company will hold the co-signer liable for it. A co-signer is just as legally liable for the debt as the primary signer. You know when it's a good idea to become a co-signer? Never.


If you and your spouse have separate credit card accounts are you liable for your spouse's balance if he defaults?

The extent of liability depends on whether the married couple reside in a community property state and if so, if the accounts were established during the marriage. Married couples residing in community property states, other than Wisconsin and Texas are usually equally responsible for debts regardless of which spouse is the account holder.


What is bigger Texas or France?

Texas is about 10 percent larger than France. The area of Texas is 268,820 square miles and of France is 247,367 square miles.

Related questions

You own 10 acres in Texas and recently voluntarily surrendered your mobile home The mortgage company is making all kinds of threats what all can they do to recover what they claim you owe?

they can put a lean against your land until dept is paid.


Who was the general who surrendered to Texas in the Alamo?

sam Houston


What happened to Texas after the south surrendered?

the state government collapsed


Is a repo man liable for damaging property in Texas?

yes


What happened to Texas immediately after the south surrendered?

Within weeks confederate president Jefferson Davis was captured and the remaining of the south surrendered.


What US General in Texas surrendered a fort and joined the Confederate Army?

David E. Twiggs surrendered the the Fort and 10,000 rifled muskets to the Confederates.


What was the agreement in which Mexico surrendered all land between Texas and the pacific ocean?

The Mexican cession


Did Texas become a republic in 1836 after santa Anna surrendered to Sam Houston?

Yes, Texas began its nine years as an independent nation in 1836.


In Texas if a 17 year old moves out are you still liable to pay child support?

Yes, they are a minor


Do you have to pay Texas tax on a motor home if you are an Oregon resident?

If you buy it in Texas then you will be liable for sales tax. Otherwise no other taxes should be levied against you.


In Texas if your husband dies and has a car in his name only are you liable for the bill?

The estate is generally liable for all bills and expenses (not you). Hire a probate attorney to help sort this out. The estate will need an executor.


Is the daughter of deceased father liable for his debt in Texas?

The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.