He has a large amount of debt accrued credit card charge off's from 5 yrs ago and we are wondering if we were to get married would they have the ability to come after me... and I recently filed chapter 7 about 2 yrs ago... he hasn't yet... he we got married and he ended up having to file could they turn around and come after me for those amounts and there would be nothing I could do about it?
2006-06-13 19:40:18 · 9 answers · asked by Aimin4Strz 2 in Business & Finance ➔ Personal Finance
He should file now and you two start out fresh. Keep separate accounts for now and both try to build up credit. My husband had debt from previous marriage and it will effect you also. Anything that shows up on his credit will affect you when you try to buy a house or both signatures are needed to make a big purchase such as a car. Doesn't matter when it occurred. I had to pay off my husbands utility bill from a previous marriage before the electricity could be turned on in our new place.
2006-06-15 22:14:22 · answer #1 · answered by SonoranAngel 6 · 4⤊ 0⤋
I don't mean to be rude but if you two get married you could raise a serial killer, sex offender, drug dealer, thief or even a CEO!
Your marriage is a recipe for disaster.
You really should not get married to a person with a lot of debt.
Sometimes when a bad credit person marries a good credit person it could work but it would take a lot of work and if the bad credit person does not change his/her ways it could drag the good credit person down into a hole.
You really should try to find a man with good credit because your bankruptcy will keep you down for 5 more years.
If you really want to marry this person you really should fix his credit and increase it to above the National Average and that would take some time and a lot of hard work.
There should be a Law against a marriage like yours.
Wrecked Home is written all over your future children.
2006-06-14 04:49:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do not let him add you to his accounts or you will become equally responsible. Keep your own accounts, by yourself. The credit card companies can say what they want, but they can't harrass you. If they do, you can get a lawyer. i knew a lawyer once that told a client who was being threatened by the credit card companies to make an "attempt" to pay her bills. He told her to tell them not to call her again and then didn't. He told her to make an attempt to repay her debt. She couldn't afford the payments but he said to pay what she could. In a $89/mo payment, she paid 50 cents here, a dollar there, and they couldn't do anything to her because she was making an attempt to pay it. She eventually got it all paid off. They didn't like it at all, but she paid her debts. I would just be very careful about co-signing or having joint accounts, that will protect you too.
No, you are not responsible for his debts prior to, because all the attorney would have to do is get an itemized purchase of all those purchases before you were married. What you two accrue together, then you will be responsible for. A word of caution, don't get intertwined in his financial dilemmas. i know you love him, but keep it clean.
2006-06-14 02:56:08 · answer #3 · answered by TexasSweetie 3 · 0⤊ 0⤋
Whether he's married or not the debt is his.If you share a joint bank account and his debtors had a court order against him you could lose your money You are not responsible for his debts in any case
2006-06-14 03:12:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No doubt about it they will come after you. You might not like this suggestion but if you keep your own last name and keep your ssn# the same they can't prove you are married. Also file your taxes separate. I know it's like what's the point of getting married right?
2006-06-14 06:57:41 · answer #5 · answered by askmeguru21 5 · 0⤊ 0⤋
This might depend on the state you live in. But generally, debts incurred before marriage remain separate, so I don't think you can be sued personally for his debts. If you hold property jointly, they may be able to attach it.
2006-06-14 02:55:53 · answer #6 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
First of all, I believe it is terribly unwise to base a marriage on financial wellness.
If this question is sincerely in your heart about your prospect for a husband, do not get married to anyone!
Rather gain for yourself some sound financial education on how to better manage your existing resources in order to achieve better financial health.
One such source of education is from Kelly L. Reese, Chartered Financial Consultant. To obtain a free report by Kelly, please visit my website below.
2006-06-14 09:13:06 · answer #7 · answered by Darren J Smalley 2 · 0⤊ 0⤋
Exactly, once you marry, both of you take responsibility for each other's debts.
2006-06-14 02:44:46 · answer #8 · answered by whiteknight3273 2 · 0⤊ 0⤋
Not in this life time. Its his debt and his choice....they can't come over you. Your cridet has nothing to do with his UNLESS yall buy something together. (Mom's been in home lending business all my life)
2006-06-14 03:02:21 · answer #9 · answered by msoutherngirl 2 · 0⤊ 0⤋