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In general, a spouse is not personally responsible for the other spouse's debts unless they are jointly held. However, if the debt is secured by the home or if the creditor obtains a judgment, they may be able to place a lien on the property or pursue foreclosure. It’s important to consult a legal professional for specific situations, as laws vary by jurisdiction.
What else can I help you with?
Can wifes pay be garnished for husbands debt?
If the debt is on a shared account, then yes, the wife's pay can be garnished even if the husband was the one who ran the debt up.
Can you loose home to credit card debt?
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
Will your late husbands credit card debt come out of your estate?
It shouldn't ! Any debt(s) solely in his name died with him. The only exception - would be if the card(s) were in joint names - in which case, the debt becomes your sole responsibility on his death.
Can a wife be held responsible for her husbands debt in Missouri?
In most cases, yes, they will be responsible. They are considered to have benefited from the goods and services.
What is a home equity line?
A home equity line of credit is a loan that you take out from a bank using the equity in your home as collateral. By doing this, you are able to get a lower rate since the debt is secured by your home.
Can a debt collector try to collect on a debt that is your ex husbands?
If you are a co-applicant, yes ..... otherwise no.
Is a wife responsible for any debt of her husbands prior to marriage?
No
Are you responsible for your husbands unsecured debt?
The spouse is considered to benefit from the debt. Yes, the spouses share responsibility.
Can wifes pay be garnished for husbands debt?
If the debt is on a shared account, then yes, the wife's pay can be garnished even if the husband was the one who ran the debt up.
In what situations can a credit card company force you to sell your home in Wisconsin?
If you have made a debt to them and you are not able to satify the debt they request the court take your property to repay the debt.
Is a wife have monetary rights to her husbands home in a divorce?
Yes a wife has monetary rights to her husbands home in a divorce.
Do banks take less money on home equity loans to clear the debt faster?
Hello
How can I make my first home mortgage easier?
No you cannot easily take a mortgage out of a first home easily and you make sure that your debt scales would be around 650-750 and mortgaging your first home will be sanctioned if you have low debt profile.
Can you loose home to credit card debt?
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
If you have a tax lien on your home can the IRS take your husbands retirement check?
If it is in a joint bank account and you reside in a community property state, Yes!
Does a wife have to pay assume responsibility for her husbands debt?
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
