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What else can I help you with?
Who is liable for my husband's debt that he had before marriage?
He is. What he comes to the marriage with is his, including debt.
Can your wife be held liable if a car that is titled only in your name is repossessed?
If the vehicle was purchased after marriage YES most states recognize any purchases made after marriage as Joint purchases
Is family liable for payment on a repossessed car?
Whoever's name is signed on the loan paperwork is the one liable.
Are you still liable for the payments if your truck is repossessed in Alberta?
Yes you are
In California are you liable for payments on a voluntarily repossessed car purchased by your spouse prior to marriage if you never used it because you can't drive a manual transmission?
IF your name was NOT on the contract, you're NOT responsible for it. If it was , you are.
Is your spouse liable for medical debt that occurred before a marriage?
No. Your present spouse had no legal responsibility for you before you were married.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
Are you liable for spouse federal tax debt incurred before marriage?
The law on this point is very clear , you are not liable for your husbands tax blunders made before the marriage, in fact even if he has taken a loan you need not pay for it also. You will come in the picture only when you are legally married to him.
If your car is repossessed and the person who cosigned for you files bankruptcy are you still liable for the repossession?
Yes. If you default on your car loan you will remain liable for the debt.
Can you still owe money on a car that was repossessed and resold to another buyer?
yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.
Car was recently damaged then was repossessed what happens?
If car is wrecked or damaged BEFORE the repossion takes place they still take the car "AS IS". In some states you may be liable for the damages but others it is repo'd AS IS.
Are there laws that govern how much a consumer can be liable for after a repossessed vehicle has been auctioned?
As a rule of thumb, you will owe the difference.
