It depends whose name is on the loan. If it's just the husband, then no. If both names are on the loan, then it affects both people.
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
No. Absolutely not. Your driver's license cannot be suspended for not paying a loan or the balance of a loan, repossessed or not even if you get threats from the loan company.
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
The estate will be responsible. The husband indirectly will pay, as they cannot inherit until they are resolved.
semicircular canal... APEX:)!
The estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Cannot imagine that the process would be different than if the person was alive. The estate would be responsible for remaining loan amounts.
The borrower is responsible for any deficiency in the balance of the loan and applicable fees that remain after the sale of the repossessed vehicle. If the borrower cannot reach an equitable repayment agreement with the lender, the lender may decide to file a lawsuit against the debtor to recover the monies owed.
In Colorado the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Yes, if the vehicle is repossessed and there is a deficit between the sale and the loan balance, (including fees and penalties)and the borrower cannot pay what is owed.
The estate will be responsible. The spouse is going to pay indirectly as they cannot inherit until the bills are resolved.
In Missouri the estate will be primarily responsible. The spouse indirectly will pay, as they cannot inherit until the medical bills are resolved.