am i responsible for my husband's credit card debt?
482321
In common law states, you're usually only liable for credit card debt if the obligation is in your name. ... However, keep in mind that if you have jointly owned assets, then the credit card company can still go after your spouse's interest in that property.
1030542
The children are not responsible for the debts, unless a child co-signed a loan or credit card agreement. In that case, the child would be responsible for that loan or credit card debt, but nothing else. ... Lenders want to be repaid so whatever assets are in the estate must be liquidated to pay off those debts.
1156473
What happens to credit card debt after death? When you die, your estate is usually responsible for paying off any remaining debts you have. If the credit card is in a joint account, the other primary cardholder will be liable to pay the remaining outstanding balance.
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.
456690
The answer is yes. Your student loan creditors can garnish your spouse's wages to recover the amount of your defaulted student loan. You don't mention whether the loan was incurred before or after marriage. Unfortunately, it doesn't matter.
1247556
The power of attorney does not in any way make you responsible for any of your mother's debts. The only way you could be held financially responsible for a debt is if you are named as an owner or a co-signer on the account or loan.
1060299
In most cases you will not be responsible to pay off your deceased spouse's debts. ... If there is a joint account holder on a credit card, the joint account holder owes the debt. A joint account holder is different from an “authorized user.” An authorized user is not usually responsible for the amount owed.
1208654
It could be possible that he's irresponsible with his money. He needs to pay you back the money he borrowed from you because odds are you're doing business with him. Borrowing money without paying you back is stealing in case you didn't know.
366832
Any surviving spouse, civil partner, or relative cannot be required to pay off individual debts out of their own pocket, unless they have provided a personal guarantee. A personal credit card with an outstanding unpaid balance is an example of individual debt.
1309488
In a Nutshell After someone has passed, their estate is responsible for paying off any debts owed, including those from credit cards. Relatives typically aren't responsible for using their own money to pay off credit card debt after death.
1136128
Only your spouse is responsible for the restitution or fines as a result of his or her conviction. Your spouse's interest in any property that he or she owns jointly with you may be levied, althogh the likelihood of such levy depends upon...
1093211
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. It is also important to know that no-one is legally responsible for their spouse's debts just because they are married.
672403
A: No. If your spouse incurred tax debt from a previous income tax filing before you were married, you are not liable. ... Your spouse cannot receive money back from the IRS until they pay the agency what they owe. If your spouse owes back taxes when you tie the knot, file separately until they repay the debt.
381978
Debts you and your spouse incurred before marriage remain your own individual obligations—but you'll share responsibility for debts you take on together after the wedding.
528438
If there is an official separation agreement for the spouses, it likely states which spouse is responsible for which debt. ... When the spouses are legally separated, any new debts are usually considered the separate debt of the spouse that incurred them. However, not all states recognize legal separation.
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.
141471
If your spouse incurred tax debt from a previous income tax filing before you were married, you are not liable. ... Your spouse cannot receive money back from the IRS until they pay the agency what they owe. If your spouse owes back taxes when you tie the knot, file separately until they repay the debt.