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Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
Wiki User
∙ 12y ago
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
Wiki User
∙ 12y ago
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Is a widow responsible for her husband's debt?
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
How will the credit card debt be divided between the husband and wife during a divorce when the debt is only in the wife's name?
It is up to the judge to determine who is responsible for repaying the debt owed on that credit card account. Unfortunately for the cardholder, if the husband is required by the court to repay the card, the wife is still responsible for ensuring that those payments are made. If he misses payments, then her credit score will suffer.
Is a husband responsible for his wife's debt?
It really depends on the situation.
Is a surviving spouse who did not sign responsible for a loan the deceased cosigned?
The spouse would only be responsible if they lived in a community property state. Even then it is doubtful the contract would be valid if there were an attempt to collect the debt.
Are you responsible for credit card debt in a divorce if you are noy a joint cardholder?
The debt should have been divided appropriately in the divorce decree. If not, the fact that you are divorced and not on the card should insulate them from responsibility.
If you are getting a divorce and your husband cosigned for someone who pays?
The husband, solely. Provided that his signature is the only one on the documentation as being the cosigner. If the wife's name also appears on that document, then both parties are responsible for the debt should the first payee default.
What can you do if you and your husband co-signed for a car and you're now divorced and he was responsible for debt but didn't pay and the car was repossessed and sold and now he's threatening to sue?
If the responsibility for the debt belonging to your husband was a part of your documented divorce paperwork, you can basically tell your ex-husband he doesn't have a leg to stand on. If you don't have anything in writing that says your ex-husband, and NOT you, was responsible for the debt, you may be partly responsible financially.
Is a widow responsible for her husband's debt?
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
Who is responsible for debt on a credit card after divorce and after person who made the debt dies?
Review the divorce decree. It typically specifies who is responsible for the debts of the couple. Their estate has to resolve the debt if it was assigned to them.
Is husband liable for a car loan if his wife cosigned?
No. Only the person who co-signed is responsible. Even in a community property state that debt would not be a marital debt. However, if the primary borrower defaults you wife will have to pay the balance and that, of course, may affect you.
Is your husband responsible for your credit card debt?
nomally
Can my new husband be held responsible for my ex-husband's unpaid debt?
Sadly, no.
How will the credit card debt be divided between the husband and wife during a divorce when the debt is only in the wife's name?
It is up to the judge to determine who is responsible for repaying the debt owed on that credit card account. Unfortunately for the cardholder, if the husband is required by the court to repay the card, the wife is still responsible for ensuring that those payments are made. If he misses payments, then her credit score will suffer.
If you cosigned for a vehicle with your husband before you were divorced and are now divorced and the vehicle is repossessed can you be charged with grand larceny?
Typically, if you are a cosigner on a vehicle loan that gets repossessed, you are still responsible for the debt, regardless of marital status. However, being charged with grand larceny would depend on the specific circumstances and laws in your jurisdiction. It is best to consult with a legal professional for personalized advice.
Your mom is dead is her husband still responsible for her debt?
Yes
Is a husband responsible for his wife's debt?
It really depends on the situation.
Are you responsible for your deceased husband's debt in Tennessee?
Well, it depends.....................
