is a spouse liable for debts?
312397
The general rule is that you are not responsible for the debts of your spouse or partner if those debts are in their name only. However, if the debt is in joint names and/or you have joint and severable legal responsibility (i.e. for contracts or financial investments made jointly) then you will be liable.
1467900
All assets are in both of their names. Is my mother liable for the credit card debt? ... She said in New Jersey, family members, including the surviving spouse, are not typically obligated to pay the debts from their own assets unless they have co-signed the obligation.
1054957
Responsibility for a Deceased Spouse's Medical Debt in New York. In New York, surviving spouses are not automatically required to pay for their deceased spouses' medical debt under the doctrine of necessaries. They will only be responsible if: ... The non-debtor spouse has the ability to pay for the medical bills.
1042395
You are not obliged to pay your husband's child support, since the debt arose before you were married. On the other hand, courts often do take into account a current spouse's contribution to the household income, in order to see that the ordered child support payment is feasible and not an undue hardship.
147360
When someone dies, debts they leave are paid out of their 'estate' (money and property they leave behind). You're only responsible for their debts if you had a joint loan or agreement or provided a loan guarantee - you aren't automatically responsible for a husband's, wife's or civil partner's debts.
1185373
Partners in an LLP are not personally liable when the business cannot pay its debts; instead, their liability is limited to the capital they have invested into the LLP. ... So if an LLP can't pay its debts, the partners only have to pay out any money they've invested into the firm and nothing more.
230232
When someone dies, any debts left unpaid are paid out of their 'estate' or the cash, investments, property and possessions they leave behind. You are not automatically responsible for your husband's debts; you are only responsible if you had a joint loan or agreement or provided a loan guarantee.
33076
In most cases you will not be responsible to pay off your deceased spouse's debts. As a general rule, no one else is obligated to pay the debt of a person who has died. ... If there is a joint account holder on a credit card, the joint account holder owes the debt.
1409716
First, if someone dies, responsibility does not automatically fall to the survivors. In Canada, debts cannot be inherited and cannot be transferred upon the death of a spouse. ... Your mother is only legally liable for your father's debts if she co-signed the loan or guaranteed payment. Legally this is known as joint debt.
387998
After a legal separation or divorce, a debt is generally owed only by the spouse who incurred the debt, unless the debt was incurred for family necessities, to maintain jointly owned assets (for example, to fix a leaking roof), or if the spouses keep a joint account.
171248
As a general rule, you are not responsible for the debts of your spouse. ... If your spouse incurs medical debts during the marriage, you are liable for the debt. Even if the bills only come in the name of your spouse. Even if you did not sign for the debts.
1336955
But in addition, debts incurred by you or your spouse during your marriage (regardless of whose name is on it) are generally deemed to be community debts and both spouses are considered equally liable. This means that even if the credit card debt was incurred by your spouse alone, you may be on the hook for it.
1085668
Will you take on their debt too? If your spouse has debt, you won't take it on just because you're now married. Whether you'll have to share it depends on whether the debt is theirs alone, or in both your names. If they've taken debt out in their name only, you won't be responsible for paying it back.
1198431
Marriage Allowance you're married, or in a civil partnership and are not in receipt of Married Couple's Allowance. one of you earns less than the Personal Allowance so is not liable to tax or liable to tax at the higher or additional rates.
890537
Getting married does not make you responsible for your spouse's debt. The law treats financial contracts as distinct from marriage. Only the spouse that signed for and incurred the debt is legally obligated to repay the debt.
771676
If your spouse is driving your car and gets in an accident you both are liable because the car title is in your name. Therefore if your spouse is sued and it goes beyond the insurance coverage amount than his assets, joint assets and now your individual assets are all at risk.
1148401
Partners are 'jointly and severally liable' for the firm's debts. This means that the firm's creditors can take action against any partner. Also, they can take action against more than one partner at the same time. This applies even if there is a partnership agreement that says otherwise.