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In most cases, you do not automatically assume your spouse's debts when you get married. Each spouse typically remains responsible for their own debts incurred before and during the marriage unless you live in a community property state, where debts can be shared. However, creditors may pursue joint assets or income for repayment if both spouses are co-signers or if the debts were incurred for joint expenses. It's advisable to discuss financial matters openly and consider legal advice for clarity.
What else can I help you with?
Can a creditor or collection agency levy your spouses account if it was before we were married and I'm not on Her account?
I believe so - When you get married you assume all the debts.
Do you assume your spouses debt when you get married in NY?
No. Only if you are a co-applicant you assume the debt. I'm not 100% sure about govt debt though.
Is spouse responsible for spouses debts in Montana?
no
After divorce are you liable for credit card debt in your wife's name only incurred while married?
In a community property state both spouses are equally responsible for debts. The rest of the states consider only the account holder responsible. A few states have laws referring to debts that are considered necessities being chargeable to both spouses. These laws are vague and seldom enforceable, creditors sometimes cite them in an attempt to get the non-debtor spouses to pay.
Are you responsible for your spouses debts incurred before marriage in or?
Only if you signed as a co-guarantor. Otherwise, no.
Can a creditor or collection agency levy your spouses account if it was before we were married and I'm not on Her account?
I believe so - When you get married you assume all the debts.
If you get married are your debts your spouses?
When you marry someone the two of you become one. That means that any debts one person has now becomes both peoples debts.
Do you assume your spouses debt when you get married in NY?
No. Only if you are a co-applicant you assume the debt. I'm not 100% sure about govt debt though.
Is a wife responsible for the debt of her husband while being married if her name is not on any of these debts in Virginia?
No, Virginia is not a community property state. Therefore spouses are solely responsible for their own debts as long as those debts are not incurred jointly.
Is spouse responsible for spouses debts in Montana?
no
Can you file bankruptcy on your deceased spouses debts?
No.
Are you responsible for unpaid debts of your spouses previous marriage?
No. Only debts you made together.
Do you inherit your spouses debt after marriage in new york?
The debts are considered to benefit both spouses. They will have a responsibility to resolve them.
After divorce are you liable for credit card debt in your wife's name only incurred while married?
In a community property state both spouses are equally responsible for debts. The rest of the states consider only the account holder responsible. A few states have laws referring to debts that are considered necessities being chargeable to both spouses. These laws are vague and seldom enforceable, creditors sometimes cite them in an attempt to get the non-debtor spouses to pay.
Who is responsibe for spouses debts in case of death?
The estate is responsible to resolve all debts. Once they are resolved, then the rest can be distributed to the spouse.
Who did Hamiltion wanted the federal government to assume and pay the debts of the?
He wanted the federal government to assume and pay all state debts.
Are you responsible for your spouses debts incurred before marriage in or?
Only if you signed as a co-guarantor. Otherwise, no.
