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What is considered a solely incurred debt?

Updated: 8/20/2019
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if i need a car and i am in bankruptucy how can i get a letter of incurred debt

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Q: What is considered a solely incurred debt?
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Is the surviving spouse liable for the deceased spouse's debt if their name is not on the account?

If the couple resided in a community property state it is possible for the surviving spouse to be responsible for debt incurred by a deceased spouse even though he or she was not an account holder. Texas and Wisconsin are not considered "true" CP states as they treat solely incurred marital debt somewhat differently as do the other CP states.


In Florida is a spouse responsible for credit card debt that is solely incurred by the other spouse?

No. Florida like several other states treat marital debts as being separate when they are not jointly incurred.


In Texas is a spouse responsible for credit card debt that is solely incurred by the other spouse under a credit card which was issued prior to the marriage?

Yes. STATED BY AUTHOR


What does third world debt?

Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.


If you die in Tennessee with credit card debt in your name will your spouse be obligated to repay the debt?

No, Tennessee is not a community property state. Married couples living in non community property states are not responsible for debts incurred solely by either spouse.


What is the debt incurred by Obama?

$15,000,000


How do you use incurred in a sentence?

The entrepreneur incurred a large debt among his investors.


Are you responsible for a debt incurred by your ex-husband on a credit card in your name in Ohio?

The person who is the account holder is responsible for the debt unless it can be proven the debt was fraudulently incurred.


Is there any way to not be responsible for debt incurred by your spouse but yet stay married?

If the couple Does Not reside in a community property state then a spouse is not responsible for the other spouse's debts when said debts are solely incurred. If the couple does reside in a CP state it does not matter who incurs the debt as the law assigns the married couple equal rights to assets and equal responsibility for debts.


Does South Carolina make spouses responsible for the others debt in their name only?

In South Carolina, spouses are generally not responsible for debts that are solely in the other spouse's name. However, if the debt was incurred for household necessities or was jointly agreed upon, both spouses may be held liable. Consulting with a legal professional for guidance on your specific situation is recommended.


What's a partnership when debt incurred before the date of his admission comes due?

What's partnership when debt incurred before the date of his admission comes due?


What does particulars of how and when debt incurred mean?

it means nothing