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In Minnesota, a spouse is generally not responsible for the other spouse's individual debts incurred before or during the marriage unless both spouses jointly incurred the debt or one spouse agreed to be responsible for it. Minnesota follows the concept of "equitable division" in divorce, which means that debts are divided fairly, but not necessarily equally. However, if one spouse can prove that the debt is a joint obligation or that the other spouse benefited from the debt, they may be held responsible. It's advisable to consult a legal professional for specific situations.
What else can I help you with?
Is a spouse financially responsible for debts incurred before the marriage?
Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.
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.
Are you responsible for your spouse's debts?
yes * Only if the couple reside in a community property state and the debt is incurred during the marriage. All CP states allow a spouse to use the "innocent spousal" defense concerning marital debts if the spouse was not aware of the debt made or had no control over the matter. Texas and Wisconsin are not "true" community property states when it relates to marital debts solely incurred. In all other states sole debts belong to the spouse who incurred them.
Is a spouse financially responsible for debts incurred after the marriage?
Yes and no. If you live in a community property state then assets you may share with your spouse could be come entangled with their debts. Generally speaking, if your spouse does not pay his bills I would avoid a joint bank account or other forms of shared ownership of assets.
In the state of Ohio can a husband be held financially responsible for the wife's repossessed vehicle if his name is not on the loan?
No, Ohio is not a community property state, therefore debts solely incurred by one spouse are not the responsibility of the other.
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.
Is a spouse financially responsible for debts incurred before the marriage?
Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.
IS A SPOUSE RESPONSIBLE FOR A DEBT IN THE STATE OF IOWA?
In Iowa, whether a spouse is responsible for a debt typically depends on how the debt was incurred. Generally, if a debt is in one spouse's name alone and was not incurred for joint purposes, the other spouse is not liable. However, debts incurred during the marriage for joint necessities may be considered marital debts, making both spouses responsible. It’s advisable to consult with a legal expert for specific situations.
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
Is a spouse responsible for the medial debts of the other spouse?
YES with qualifications. Joint assets will be considered as valid for liquidation to meet debt incurred only by one of the spouses.
Do husband and wife absorb debt?
A husband and wife do absorb each other's debt. They each become responsible for the debts incurred by the other spouse.
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.
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.
Is spouse responsible for debt accumulate by other spouse in Ohio?
In Ohio, spouses are generally not personally responsible for each other's debts incurred before marriage or individually during the marriage. However, debts accumulated during the marriage may be considered joint if they were incurred for mutual benefit or shared expenses. Creditors may pursue joint accounts or debts for repayment from either spouse. It's important to consult a legal professional for specific circumstances.
Are you responsible for your spouse's debts?
yes * Only if the couple reside in a community property state and the debt is incurred during the marriage. All CP states allow a spouse to use the "innocent spousal" defense concerning marital debts if the spouse was not aware of the debt made or had no control over the matter. Texas and Wisconsin are not "true" community property states when it relates to marital debts solely incurred. In all other states sole debts belong to the spouse who incurred them.
IS a spouse responsible for their spouses debt in New York?
In New York, spouses are generally not responsible for each other's separate debts. However, debts incurred during the marriage may be considered marital debt, and both spouses may be responsible for that debt, regardless of which spouse incurred it.
In Michigan is a spouse responsible for credit card debt that is solely incurred by the other spouse after their death?
Ask this question to a lawyer. Some lawyers offer free consultation for upto an hour. Asking this type of questions on web may get you wrong advise.
