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Can lien be put on jointly owned property if the defaulted credit card is in one name only?
Wiki User
∙ 8y ago
Yes, after the proper legal steps have been taken.
Property ownership is often a prime consideration in the decision to sue by a credit card company (or it's collection agency). They would have to file a lawsuit, which the consumer would have a chance to defend. If they won the suit, they could proceed with the legal steps to place a lien on any real property, garnish wages and attach bank accounts. All of these potential scenarios would be determined and governed by state law.
Wiki User
∙ 8y ago
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Can a credit card company put a lien on jointly owned property when only one person is the named debtor in California?
yes. as long as the debtor holds interest in the property at the time.
Can a judgment creditor foreclose on property jointly owned if only one person was named on the judgment?
No
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
Can a lien be placed on your home for credit card debt if it is jointly owned and the other party is not responsiblbe for the debt of the cards?
yes
In the State of Florida is the husband responsible for credit card debt that belonged solely to his deceased wife?
No, Florida is not a community property state therefore debts not jointly incurred belong solely to the person who holds the account. In Florida married couples are generally presumed to hold jointly owned property as Tenancy By The Entirety (TBE) which makes such property exempt from creditor action when only one spouse is responsible for the debt.
What percentage of the proceeds is due to the wife when a property is sold?
If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.
What is jointly owned holiday property called?
timeshare
Can a credit card company put a lien on jointly owned property when only one person is the named debtor in California?
yes. as long as the debtor holds interest in the property at the time.
Can the IRS seize a jointly owned vehicle?
Yes, the IRS can seize a jointly owned vehicle if one of the co-owners owes taxes. They have the authority to enforce tax collection by levying assets, including jointly owned property.
Can you leave property to someone in a will if you don't own all the property?
If the property is owned jointly, you can leave your portion of the property or your portion of the ownership to someone.
What if you destroy property during the marriage?
If it is marital property it is jointly owned and either party can do with it what they like. If it was separate property you are liable for the damages.
In pa when the house is owned jointly it is part of the estate?
When property is owned as joint tenants with the right of survivorship the property is NOT part of the estate of the first joint owner to die.
When one spouse has a judgment enter on them can they levy property that is jointly owned by the other spouse?
In Michigan can jointly owned real estate by used to satisfy a judgement against one of the joint owners?
Can a judgment creditor foreclose on property jointly owned if only one person was named on the judgment?
No
Is the beneficiary of a will entitled to a share of the decedent's jointly-owned property?
It depends on what the will states. If the will states that you are the sole beneficiary of all of the decedent's property, you will receive whatever share the decedent owned of the jointly-owned property. The decedent's share of the property will become your share. If there are other beneficiaries and the division of ownership is not specified in the will, the decedent's share of the jointly-owned property will be divided equally amongst the beneficiaries. If the will states a specific division amongst beneficiaries (e.g. 1/2 interest to John Doe, 1/4 interest to Jane Doe and 1/4 interest to Bob Doe), then the decedent's share of the jointly owned property will be divided amongst the beneficiaries accordingly. But, the quick answer to your question is that just because someone else who is still alive has a share of the decedent's property doesn't mean that the entire property reverts to that alive shareholder. The decedent's interest in the property will go to his or her heirs in the same proportion that the decedent owned the property when he or she was alive.
Is a beneficiary of a will entitled to a share of the decedent's jointly-owned property?
Generally, interest in jointly owned real and personal property passes automatically to the surviving owner. Joint bank accounts may pass into the estate if they were made joint only for the purpose of convenience.
When one spouse dies what happens to jointly owned property?
The surviving spouse becomes the sole owner.
