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Bankruptcy

: The BK Blawg

Can New Wife be Held Liable for Husband's Debts

By Jonathan

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When you get married, your accept your spouse "for better or for worse." Sometimes this means that your new husband or wife enters into your marriage with significant debt. Can you as the spouse ever be held liable for this debt. The answer to this question is "no." You cannot be held responsible for another person's debt unless you voluntarily agree to take on those obligations. As a practical matter, however, this means that you should avoid opening a joint check read more

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Full post as published by The BK Blawg on March 23, 2009 (boomark / email).

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