can creditors take your money for your spouse's debts?

Question

I know creditors can take or levy any joint bank accounts for spouse's debts. What about if the accounts are not joint accounts and those money is truly not related to spouse who has debts?? Please help me!!

Answer 1

You need to check your state's laws out on the Fair Debt Practices and Collections Act. Some states say its joint debt, others do not believe this.

Answer 2

No, they might't in spite of if that's at once existence coverage, the two term existence or finished existence. this is because of the fact the duty to pay expenses is by ability of the debtor, not their survivors. however the beneficiary of the existence coverage isn't unavoidably accountable to pay expenses. If an asset is in the two names, for occasion, then the survivor nonetheless has to pay it off. that's thoroughly diverse even nonetheless if the existence coverage is credit existence. you purchase credit existence once you purchase some type of actual asset like a vehicle. The beneficiary of a credit existence coverage is the creditor. So while a man or woman with a credit existence coverage dies, the creditor gets the proceeds even nonetheless that's used to pay off the asset and the survivor gets to maintain the asset with no need to pay it off. credit existence isn't medically underwritten, so which you get it no count your wellbeing concern.

Answer 3

In Texas, a community property state, creditors can consider half of your income as his. It is always smart to keep large accounts separate...WAY separate. Suffice to say, each state has their own rules about this.

Answer 4

Absolutely.

Answer 5

You are responsible for your spouses debts, and vise versa. They can go after you jointly or separately.