Not unless both parties signed the credit agreement etc.
If the two of you are married, I believe you are responsible.
In New York State, a spouse is generally not responsible for the other spouse's debts upon death, unless they are jointly held debts or the surviving spouse co-signed for the debt. The deceased spouse's estate is typically responsible for settling debts before any assets are distributed to heirs. If the estate does not have sufficient assets to cover the debts, those debts may go unpaid. However, exceptions can apply based on specific circumstances and types of debts.
The spouse will indirectly be responsible. The estate must resolve all debts. Until that is done, the spouse cannot inherit anything.
In North Carolina the estate of the deceased is responsible for the debts. Indirectly, the spouse is going to pay the debts, either by a smaller inheritance or as a beneficiary of the goods and services purchased by the spouse.
Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.
Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.
One spouse can file bankruptcy separately and both are held responsible.
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.
Maybe; see a lawyer.
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.
The estate of the deceased is responsible for the debts. The spouse is going to have to pay the debt as a beneficiary of the home purchased by the spouse.
Yes, one spouse (rather than the couple) can file for bankruptcy when they have significant individual debts. Generally, this action by one spouse will not negatively affect the financial situation of the other spouse, nor will they be responsible for the debts of their spouse. It is important to note that those debts in which the couple is jointly and severally liable for will remain with the spouse that did not file for bankruptcy.