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Is a husband responsible for his wife's debt?
It really depends on the situation.
Is a wife responsible for her husband's debt that was made before they got married?
No.No.No.No.
Is the wife responsible for deceased husband's business credit card debt in the state of Florida?
In Florida, whether a wife is responsible for her deceased husband's business credit card debt generally depends on how the debt was incurred and the nature of the account. If the credit card was solely in the husband's name and used exclusively for business purposes, the estate may be responsible for the debt, not the wife personally. However, if the wife was a co-signer or if the debt was incurred for joint expenses, she could be held liable. It's advisable to consult a legal professional for specific circumstances.
Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
How will the credit card debt be divided between the husband and wife during a divorce when the debt is only in the wife's name?
It is up to the judge to determine who is responsible for repaying the debt owed on that credit card account. Unfortunately for the cardholder, if the husband is required by the court to repay the card, the wife is still responsible for ensuring that those payments are made. If he misses payments, then her credit score will suffer.
Is a husband responsible for his wife's debt in Maryland?
In Maryland, and every other state, the estate is responsible for the debts. However, most insurance requires the insurance holder, normally the husband, to guarantee the costs. So indirectly, the spouse will pay because they will not inherit the money that went to pay the debt.
Is a husband responsible for his wife's debt?
It really depends on the situation.
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 a wife responsible for her husband's debt in Wisconsin?
Yes, Wisconsin is a "marital property" state. This means that both the husband and wife "own" assets AND debt jointly.
Is a wife responsible for a deceased husband debt?
of course; it would be offensive if not
In Colorado is husband responsible for his deceased wife's debt?
Her estate is responsible for the debt. In most cases he will have to pay from the estate or his own pockets.
Is the husband responsible for the deceased wife's debt in Florida?
In many cases the husband will be held responsible. They are deemed to have benefited from to goods and services.
Is a wife responsible for her husband's debt that was made before they got married?
No.No.No.No.
Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
In Texas is the wife of a deceased husband responsible for the 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.
Is a wife responsible for the credit card debt of her husband made before they got married in New Jersey?
No
In Michigan is the wife responsible to pay fitness membership debt for her deceased husband?
No, not if the contract was not jointly made.
