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our house is under my husband's name and it is about to be foreclosed. will lender come after me later for any unpaid debt?
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∙ 15y ago
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Can a separated person be required to pay debt of the spouse?
If the separated spouse is still legally married to the debtor spouse and/or co-signed the original obligation while married, yes.
In the state of Georgia if a spouse receives life insurance benefits is the surviving spouse responsible for the deceased spouse debt if surviving spouse's name is not on any of the debt owed?
In Georgia, as in most states, life insurance proceeds to a named beneficiary become the property of the beneficiary and are therefore not accessible to the creditors of the decedent. Of course, this does not apply to joint debt between the spouses or any debt solely in the name of the surviving spouse. In short, if the surviving spouse's name is not on the debt of the decedent, the surviving spouse has no legal obligation to pay such debt.
In state of new york if the surviving spouse is additional user on a credit card of the deceased will the surviving spouse need to pay the debt?
No, an authorized user has no obligation to pay back the debt and the credit card company cannot make you pay the debt. They can request payment from the estate if there is an estate left.
A word for something owned to another?
debt, obligation, duty, responsibilitydebt, obligation, duty, responsibilitydebt, obligation, duty, responsibilitydebt, obligation, duty, responsibility
Will your spouse have to pay for your debt if you stop paying on it?
If your spouse co-signed the debt, they will have to pay your debt. In most cases, the answer will be no, it is your debt and you are responsible.
If your spouse cosigns a loan for their child from a previous marriage will you have any personal obligation for the debt or will it affect your credit rating?
*The point is they are married and although it won't affect her credit rating if her husband is stuck with this loan it will reflect on both of them as far as possibly putting them into debt. If your spouse just cosigned then yes, they are responsible for that debt if their child decides not to pay. If the child does pay the payments then there should be no problem. Cosigning is never a good idea even if it is family because the cosigner is 100% responsible for that debt. * The non signing spouse would not be responsible for the debt nor would it affect his or her credit rating with perhaps the exception of applying for joint credit. Even if the married couple live in a community property state under such circumstances a spouse would not be responsible for the other's financial obligation that involved children of a previous marriage.
What is the synonym of debt?
Obligation, duty, and due.
Why is a new spouse's income not included in figuring child support payments of the obligor?
A new spouse has no legal obligation whatsoever to your child unless you consent to a legal adoption by the new spouse and give up your parental rights.A new spouse has no legal obligation whatsoever to your child unless you consent to a legal adoption by the new spouse and give up your parental rights.A new spouse has no legal obligation whatsoever to your child unless you consent to a legal adoption by the new spouse and give up your parental rights.A new spouse has no legal obligation whatsoever to your child unless you consent to a legal adoption by the new spouse and give up your parental rights.
In Michigan is your spouse responsible for debt incurred in your name?
Not for private debt. Just make sure that the spouse is not a co- applicant. The spouse is responsible only if they are co-applicant.
In a divorce is a spouse not listed on the mortgage but listed on the deed required to help make the mortgage payments in Tennessee?
If they are not listed on the mortgage, then they have no legal obligation to pay the debt. If payments are not made it is only your credit that will be damaged.
In Texas Is a spouse responsible for the ex-spouse credit card debt?
If the debt was made when they were still married the answer is yes. STATED BY AUTHOR
What is Texas law regarding credit card debt for surviving spouse?
Technically, the debt has to be resolved by the estate. And as the spouse gets the estate, they will be paying one way or another. And is many cases the spouse benefits from the debt, they can come after the money
