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Is the second person on a credit card legally responsible to pay the debt?
Maybe. If the "second" person is an actual account holder then he or she is liable for the debt. If the "second" person is an authorized user of the account, he or she is not legally responsible for the debt but that does not mean the creditor will not attempt to collect from the AU. Additionally, married persons living in community property states are generally liable for credit card debt and other debts incurred during the marriage even when only one spouse is the actual account holder.
Does South Carolina make spouses responsible for the others debt in their name only?
Under South Carolina law, debt that is incurred during a marriage is presumed to be marital debt. This would mean that both spouses are legally obligated for their share of the debt, regardless of the listed individual to the debt.
What does it mean to be liable for something?
To be liable for something means to be legally responsible or accountable for it. This could involve being responsible for a debt, an injury caused by negligence, or any other legal obligation. Being liable can lead to legal consequences if the responsibility is not met.
Is an adult child responsible for debt on checking acct of parent if both names are on the acct at time of parent death?
No, not necessarily. It is not the same as a husband and wife being 'joint' on an account. The holder of the debt would have to prove that you (the adult child) benefitted in some way from whatever it was that was purchased with the parent's check -or- that you were a co-signer to some contract or sales agreement for which the parent was paying. If any money is allegedly due and owing to a claimant, they will have to file a lien against your parent's estate and prove to the court that it is a legitimate debt.
How many years are you responsible for a debt?
The length of time you are responsible for a debt depends on the type of debt and the statute of limitations in your state, typically ranging from 3 to 10 years. However, it's important to note that even after the statute of limitations has passed, the debt still exists, but the creditor can no longer sue you for payment.
If a 16 year old is legally married in the state of Tennessee incurs debt who is responsible for that debt the spouse or the parent of that 16 year old child?
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
Can a parent be held responsible for a minor child's debt?
Yes a parent can be held responsible for a minor child's debt if the parent co-signs on a loan with the child. For credit cards, if the child is an authorized user on a parent's account the parent is also responsible for this debt.
Is child liable for a deceased parent's debt?
As long as the child is not a cosigner on the debt, the child is not responsible for parent's debt. The parent's estate would be responsible for the debt. Technically this could reduce the inheritance the child receives, but it is not the responsibility of the child.
Is a surviving parent responsible for deceased adult child's debt?
ONLY if the Parent Co-Signed for the Debt. Otherwise NO.
Are you responsible for your parent debt?
Only if you are a named joint debtor.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
Can an unauthorized credit card user be responsible for debt that was charged?
If you were unauthorized, you can be held legally -- and possibly ciminally -- responsible for any debt you incurred.
Are you still responsible for a debt if your parents assume responsibility for that debt?
Minors cannot legally contract for a debt. Only their parents/guardians can assume that responsibility. So, your parents ARE responsible. On the other hand, if you are legally an adult and contract for debt - and your parents 'assume' responsibility for it -there would have to be legally binding paperwork naming them as the debtors in lieu. Simply giving their word is not sufficient, and you would remain responsible.
If someone is ill and has had lots of medical treatment and has no insurance when that person dies who is legally responsible for the bills?
A parent of a minor child is responsible for the child's medical bills. In many states, a spouse is responsible for the other spouse's medical bills. A parent of a grown child (18+.) is NOT responsible, nor is a child of an aging parent, unless someone signed the hospital or physician's form as a responsible party. If the deceased is an adult with no dependents and no one else signed a form to take financial responsibility, then the estate of the deceased will be responsible for the medical bills. If there is no cash in the estate, the provider is simply out of luck - they cannot chase after relatives in an attempt to collect the debt. If the deceased left a sum of cash or assets, then all outstanding bills should be paid from the estates assets prior to distribution to heirs.
Who is legally responsible for debt the holding company or the limited company?
I think clients and public who did business with company or with company products are directly responsible legally.
Would a parent be responsible for their deceased adult childs debt in NY state?
NO
