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In Georgia if 1 spouse is in debt and all assets except for house are in the other spouses name can the credit card companies do anything except lien the house can they force a sale?
Wiki User
∙ 15y ago
A creditor can take several steps to collect debt: sue you, get a judgment, garnish your paycheck, seize your paid for assets (like a car title or equipment, etc.) They can also tack liens onto your home. When you go to refinance or sell your home, your profit can be used to satisfy the debt you owe.
A credit card company could force a sale, but they would take a backseat to other liens, such as the first mortgage, second mortgage, or IRS debt.
If one spouse is in debt and the other is not, it is safer to sign title of the home to the one not in debt.
Wiki User
∙ 15y ago
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