Best Answer

Whomever signed the contract is responsible for the balance.

User Avatar

Wiki User

โˆ™ 2015-07-15 19:48:08
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: If your car was repossessed during your separation but it was bought while you were married are you both responsible for the debt?
Write your answer...

Related Questions

Where can repossessed cars be bought?

Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.

If your wife bought a car before your marriage and now it is repossessed are you liable?

If it isn't in your name it shouldn't be.

If spouse incarcerated and you want a divorce you were buying a house but the loan is not in your name but your name is on the title are you responsible for the house?

yes you are responsible for the payments because you are married it is a marital asset being bought after you were married so in a legal sense its in both your names regardless of the way its titled

Why does a car get repossessed?

The person who bought the car didn't make payments so the bank takes it back.

Can your wife claim for property bought after your separation?

She probably can especially if she proves that you bought it as a result of wealth accumulated during your union.

You owe money on a repossessed car but the car was refinanced to someone else do you still owe?

I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.

You bought a car that has a leinholder?

Get a hold of the lien holder then get a hold of the owner who has the lien against them. Otherwise you may end up responsible if you desire to keep the vehicle. If everything is valid and the payments are not made the car may be repossessed. Then you will have to take the other person to court. Tedious and not fun.

If you were married to a man before he bought a home and promised he would add your name to the document but didn't what becomes of you in case of separation or divorce?

for that it will be very cheap to take divorce u ask once again him to add ur name

Can you sell your car if it is being repossessed?

Depends on the specific laws of where you live. In general, if the car you bought is being repossessed because you cannot pay for it any more, consider selling it to someone who can. You basically sell the car at a really low price, practically just below the amount the you already spent on it. The person who bought the car from you, then would have to continue paying for the remaining balance to the dealer from where you bought the car. This way, you're credit won't go bad.

What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.

Can your car be repossessed if you bought it from a dealership but never received a contract?

I really cant answer that, but in my opinion it would be smart to go back and see if you can get some kkind of proof of ownership

Can you take modifications off a car that will be repossessed?

you can take off all the modifications off as long as the car is the same when you bought in running conditions and looks as descent as possibble

If you sold a car to an individual and they have problems with the car who is responsible?

if he bought it as is..he is.dealers are responsible for most of problems; but other than that..let the buyer beware

Who is responsible for damages if the vehicle isn't registered to person who hits another car but the person responsible bought it and hadn't transferred it yet?

The driver is always responsible for whatever happens to vehical he is driving

If A lost their home and B bought the home A passed away B sold the home does As family get anything from the sale?

I would say no. If party A lost their home, i.e. had it repossessed, and party B bought it, then the house should be the sole property of party B.

Can a car repossession in Colorado receive a judgment in Illinois you lived in co worked and bought the car in co the car was repossessed in Colorado and you moved to Illinois after that?

You can run but you can't hide.

Can you get a car back after it has been repossessed and sold?

The only way to get it back would be if it were up for sale and you bought it. Once it's legally sold, it becomes the property of the new buyer.

If you had a car repossessed do you have to pay anything?

depends on your state laws and your loan agreement. In my state you are responsible for what ever you still owe on the car and any fee I charge. If your car is sold that amount will be deducted from what you owe. In other words, I repoed a car and the guy owed $2000, I bought it for $600 plus my fee. He still owes the bank. $1400

Can a married woman retake property that her husband bought and then gave away after they were married?

Was this property bought before or after marriage? Either way, if you are married and want to sell real estate or a car or such, both spouses have to sign their consent to the transaction. So if your husband sold something behind your back, you might have a case. If it was bought before that, there's room for argument.

What happens if you bought a car in tx for a friend and they get a no insurance ticket are you responsible?

You shouldn't be, they were the one cited.

What person was responsible for the us acquiring Alaska?

Mr. Seward bought it for about 50 cents an acre.

When Sacajawea married the French-Canadian guy who bought her?

Toussaint Charbonneau

If they repossess your vehicle can anything happen to the other vehicles that you own in your name?

No, Not unless you used one of the other cars as collateral for the loan that bought the car the was repossessed. Then they can take the collateral too.

How can I get my car back if the title is in your name but someone bought it?

If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.

Is a new business owner responsible for the original owner owner's debt?

Not normally, unless the new owner has also 'bought' the previous owner's debts. However, if we are dealing with share ownership, the shareholder become the 'owner'. Shareholders are not responsible for the debts of the companies they have bought share in.