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Wife owns home on deed alone gets married wife files bk CH7 in AZ is spouse liable?
Wiki User
∙ 15y ago
If the wife was single when she owned the home (was not a wife at the time), so you are talking about the spouse after the wedding, not a pre-existing spouse, and only the wife filed c. 7, the spouse is probably not liable for anything connected with the bankruptcy. If the spouse lived with the "wife" as husband and wife in a common-law marriage state long enough to be married at common law, and benefited from any extensions of credit, the spouse might be liable for some debt. Community property laws might have an effect, so you should consult a lawyer in AZ to be sure.
Wiki User
∙ 15y ago
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If ex-wife owes half of IRS debt and now files bankruptcy is spouse liable to pay her portion?
If ex-wife owes half of IRS and now files for bankruptcy, spouse may be liable to pay his portion if the debt was is a joint account. Otherwise, spouse will not be held liable for any portion thereof.
Are assets of non-filing spouse considered in bankruptcy?
No. When one spouse files for bankruptcy and the other spouse does not, they are only filing for their own personal debts and not those of the spouse. In general, the filing of bankruptcy by one spouse will not affect the other spouse's financial situation. A debt is created by contract between a debtor and a creditor - each debtor must sign the contract to be liable for payment. Therefore, the bankruptcy of one spouse does not cause the other to become bankrupt. Debts where spouses are joint and severally liable for payment will remain with the spouse who has not filed for bankruptcy.
Do you owe taxes the year you die?
Yes. But since you will not be around to pay them, your estate will be responsible for paying them. If you are married and your spouse files a joint return for the year you die, your spouse could be responsible.
If my wife filed for personal bankruptcy are you responsible for her debt?
No you are not. When one spouse and not the other files for bankruptcy they are only doing so with regard to their personal debt. A debt is created by contract between a debtor and a creditor - each debtor must sign the contract to be liable for payment. Therefore, the bankruptcy of one spouse does not cause the other to become bankrupt. Debts where spouses are joint and severally liable for payment will remain with the spouse who has not filed for bankruptcy. Under Chapter 7 bankruptcy, where one spouse's debts are wiped clean, the creditor can go after the other spouse. However, a major advantage of Chapter 13 bankruptcy, where the debtor plans to re-pay her debts, is that the creditor will leave the co-debtor alone, as long as bankruptcy plan payments are timely deposited.
In the state of Forida if a married couple files there taxes jointly can the new spouse be responsible for back child support?
Only as it applies to the tax return, if an "Injured Spouse" form is not filed. see links below.
Can you collect unemployment benefits due to your spouse attending college?
Can I collect unemployment benefits if I were laid off by my spouse who's a business is a sole proprietorship and files form 1040 schedule C?
When was Alone - The X-Files - created?
Alone - The X-Files - was created on 2001-05-06.
What if primary signer files bankruptcy?
The co-signer would then be liable.
When a spouse moves out of home and then files for divorce - married in community of property - do they forfeit their rights to the home?
If you're in the US, no, you don't forfeit property rights merely by moving out of the property.
If your car is repossessed and the person who cosigned for you files bankruptcy are you still liable for the repossession?
Yes. If you default on your car loan you will remain liable for the debt.
In a joint account if one person files bankruptcy is the other liable?
Yes
If your soon to be ex-spouse files for bankruptcy and there are joint accounts can you be included as a debtor and clear the joint debts?
Yes. If joint debts are an issue, it is beneficial for both parties to enter into a BK filing. If not the one who is not a party to the bankruptcy will be liable for those debts.
