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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.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
It depends on whether they were listed on the deed. Most courts would rule that the spouse benefited from the debt and can be held responsible. The estate has to sell the property or settle the loan before she can inherit anything.
In belgium it's till the age of 23 that you are financially responsible for the actions of your spouse.
The ESTATE is responsible.
If the loan was in both of your names, yes. That is your foreclosure also.
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.
No. Both may be on the deed which means that you have rights to the property. However, if there is only one on the mortgage; meaning they are the only one that signed the promissory note, then they are the only ones who will be responsible. So long as you are not on the note to the mortgage, then you have no responsibility for the debt.
While your spouse may still have some incurred liability from a previous marriage, you, yourself, as an individual, are not.
Getting a devorce and house is facing forclosure but my name is not on deed. Am I liable.
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
s the spouse responsible for medical bills after death of a spouse in Colorado?
It depends on whether they were listed on the deed. Most courts would rule that the spouse benefited from the debt and can be held responsible. The estate has to sell the property or settle the loan before she can inherit anything.
The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.
The spouse will indirectly be responsible. The estate must resolve all debts. Until that is done, the spouse cannot inherit anything.
Debts of the spouse are considered to have benefited both of them. He can be held responsible for the debts.
No, the spouse is not responsible. However it does come out there assets left behind.