If you are not subject to the lawsuit for which the judgment was ordered then you would have no direct, or should I say immediate, responsibility. However any and every jointly held asset is subject to attachment; including homes, cars, bank accounts, etc.
You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.
The creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.
If you are married, you are still a legal entity with the other person, so a judgment filed against them would also have your name on it. Be sure to include some verbiage in your divorce agreement about it, and if possible, arrange to have it paid from any joint monies before sorting out the settlement. Obtain a copy of the "paid" letter for your records.
Absolutely not ! Whether you're single, engaged or married YOU are responsible for your OWN debt ! Even after you get married - your spouse is NOT responsible for debt YOU owe !
If the two of you are married, I believe you are responsible.
provided they married in community of property (what is hers is his)
You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.You are responsible for paying the loan until he refinances. If he is in violation of a court decree that ordered him to refinance, such as a divorce decree, you can file a contempt in that court. If you weren't married you could try suing in civil court but the judgment will only be against him. The court cannot remove your name from the obligation of repaying the loan.
The creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.
Debts of a deceased person are addressed during probate procedure. All lenders are required to file a claim against the estate through the state's probate court. All US states have laws of succession (the manner in which an estate is distributed) with the surviving spouse and minor children being the first to be provided for. If the judgment is against the deceased spouse only and the married couple were not residents of a community property state the surviving spouse is not legally responsible for the judgment debt and it can be voided by the probate court or the surviving spouse. In some cases, no legal action is needed, the judgment becomes null and void upon the death of the debtor.
A responsible person, in the legal sense, is one that would use good judgment, be prudent in his decision making processes, and have a track record of responsible living.
It would be possible for a judgment creditor to levy a marital bank account that was held as joint tenants. The non-debtor spouse would be responsible for submitting proof to the court the amount of funds which belonged to them. Likewise if the couple have jointly owned property a judgment creditor would be able to place a lien against the debtor's share, but a forced sale of said property would not be possible. What would determine if such action is possible is how the property is titled.
No. Please be advised, that if the creditor sues for the debt and wins a judgment the judgment can be executed against a bank account held by a married couple even if only one spouse is the debtor. The non-debtor spouse would be required to supply the court with documentation of his or her ownership rights to the bank account that could be subject to levy. Likewise, the judgment creditor might be able to place a lien against property jointly owned for the debt owed depending upon how said property is titled.
If you are married, you are still a legal entity with the other person, so a judgment filed against them would also have your name on it. Be sure to include some verbiage in your divorce agreement about it, and if possible, arrange to have it paid from any joint monies before sorting out the settlement. Obtain a copy of the "paid" letter for your records.
It depends on your state: If you live in most community property states (Louisiana West through Texas, and on the California) a judgment against her may affect your property if it is deemed to be "community property" which is property acquired during the marriage. If you live in a common law state, and the state has maintained "tenants by the entireities" as the form in which married persons hold property, then the property is, in all likelihood, free from the lien of the judgment.
No one is responsible for them. Once married they are considered an adult.
Any debts incurred by a person before marriage belong to them entirely, and will not affect the other spouse.
File for divorce in Colorado.