In New York a spouse is responsible for debts that they bring to the marriage. New York is not a community property state. The debts are equitably divided when marriage ends in divorce.
In New York, spouses are generally not responsible for each other's separate debts. However, debts incurred during the marriage may be considered marital debt, and both spouses may be responsible for that debt, regardless of which spouse incurred it.
if only one spouse files bankruptcy and they both own two houses together, one in Florida. what happens to the houses
In South Carolina, spouses are generally not responsible for debts that are solely in the other spouse's name. However, if the debt was incurred for household necessities or was jointly agreed upon, both spouses may be held liable. Consulting with a legal professional for guidance on your specific situation is recommended.
In general, you are not responsible for your spouse's credit card debt in Canada unless you have jointly signed for the debt or benefited from the purchases made with the card. It is always advisable to seek legal advice tailored to your specific situation.
The length of time you are responsible for a debt depends on the type of debt and the statute of limitations in your state, typically ranging from 3 to 10 years. However, it's important to note that even after the statute of limitations has passed, the debt still exists, but the creditor can no longer sue you for payment.
Yes, the second person on a credit card is usually equally responsible for the debt incurred on the account. Both primary and secondary cardholders are legally obligated to repay any charges made on the card, regardless of who made the purchases.
In many cases, a spouse is not automatically liable for the other spouse's tax debt. However, if you file taxes jointly, both spouses can be held jointly and severally liable for the entire tax bill. It is recommended to consult with a tax professional to understand your specific situation.
yes usually the spouse is
The basic assumption is that yes, the spouse is jointly responsible. It is assumed that both spouses will benefit from the transactions.
No.
The spouse is considered to benefit from the debt. Yes, the spouses share responsibility.
They are typically going to be held responsible. The debt is used to buy goods and services. The spouse is considered to have benefited from these debts.
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
YES, if you die, then the next of kin is responsible for your debt.
In general, the estate has primary responsibility, one of the reasons to create an estate. The spouse will typically be responsible for the debt.
YES with qualifications. Joint assets will be considered as valid for liquidation to meet debt incurred only by one of the spouses.
yes.
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
In South Carolina, spouses are generally not responsible for debts that are solely in the other spouse's name. However, if the debt was incurred for household necessities or was jointly agreed upon, both spouses may be held liable. Consulting with a legal professional for guidance on your specific situation is recommended.