answersLogoWhite

0

No - but - your spouse is ! In the event of legal action to recover the debt, any judgement could affect any joint assets (bank accounts etc) held in both you and your partners names.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Is spouse responsible for medical debt after spouse's death if bills were incurred prior to marriage?

no.


In Michigan is your spouse responsible for debt incurred in your name?

Not for private debt. Just make sure that the spouse is not a co- applicant. The spouse is responsible only if they are co-applicant.


IS A SPOUSE RESPONSIBLE FOR A DEBT IN THE STATE OF IOWA?

In Iowa, whether a spouse is responsible for a debt typically depends on how the debt was incurred. Generally, if a debt is in one spouse's name alone and was not incurred for joint purposes, the other spouse is not liable. However, debts incurred during the marriage for joint necessities may be considered marital debts, making both spouses responsible. It’s advisable to consult with a legal expert for specific situations.


Is a spouse responsible for any debt incurred by the other spouse in Minnesota?

In Minnesota, a spouse is generally not responsible for the other spouse's individual debts incurred before or during the marriage unless both spouses jointly incurred the debt or one spouse agreed to be responsible for it. Minnesota follows the concept of "equitable division" in divorce, which means that debts are divided fairly, but not necessarily equally. However, if one spouse can prove that the debt is a joint obligation or that the other spouse benefited from the debt, they may be held responsible. It's advisable to consult a legal professional for specific situations.


Is a wife responsible for debt made by her husband before marriage in the state of Florida?

No. A spouse is not responsible for their spouse's debts that were incurred prior to marriage. The only debt that can be shared post-marriage that was incurred pre-marriage would be debt on an account that you became a joint account holder on after marriage.


Is spouse responsible for debt after death in Alabama?

The estate will be primarily responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved and they benefited from the debts incurred.


Is a spouse financially responsible for debts incurred before the marriage?

Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.


In Florida is a spouse responsible for credit card debt that is solely incurred by the other spouse?

No. Florida like several other states treat marital debts as being separate when they are not jointly incurred.


Do husband and wife absorb debt?

A husband and wife do absorb each other's debt. They each become responsible for the debts incurred by the other spouse.


Is the surviving spouse liable for the deceased spouse's debt if their name is not on the account?

If the couple resided in a community property state it is possible for the surviving spouse to be responsible for debt incurred by a deceased spouse even though he or she was not an account holder. Texas and Wisconsin are not considered "true" CP states as they treat solely incurred marital debt somewhat differently as do the other CP states.


Is the spouse responsible for the deceased credit card debt in Illinois----Will they take it out of the estate?

Yes the debt is paid out of the estate. If the spouse was a partner in the debt, they can be responsible. If they had a card in their own name, they may have to pay. Consult a probate attorney in Illinois.


Is there any way to not be responsible for debt incurred by your spouse but yet stay married?

If the couple Does Not reside in a community property state then a spouse is not responsible for the other spouse's debts when said debts are solely incurred. If the couple does reside in a CP state it does not matter who incurs the debt as the law assigns the married couple equal rights to assets and equal responsibility for debts.