who is responsible for other debt in divorce if only one persons name is attached to the debt
2006-09-25 09:23:42 · 10 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
You're all right...and all wrong. State law dictates what happens as a result of the marriage contract. So...the answer depends on the state.
2006-09-25 10:33:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sucks to be the person on the loan. That individual is 100% responsible. You can't even bankrupt those things much less give them away in a divorce.
2006-09-25 09:33:36 · answer #2 · answered by Zelda 6 · 1⤊ 1⤋
The person who originally signed the contract for the student loan, unless the ex spouse wants and agrees to take it on. In that case, the lender needs to be notified.
2006-09-25 09:26:26 · answer #3 · answered by Big Bear 7 · 2⤊ 1⤋
Usually the student signs. They're responsible to repay the loan.
2006-09-25 09:30:50 · answer #4 · answered by nursesr4evr 7 · 2⤊ 1⤋
When you get married, all debt belongs to both of you. You may be able to work something out in the divorce settlement, but legally, you owe it as if it were your own.
PEOPLE - GET PRENUPTIAL AGREEMENTS!!! You never know where life will take you. Don't end up with a broken heart AND an empty bank account.
2006-09-25 09:30:45 · answer #5 · answered by FozzieBear 7 · 0⤊ 2⤋
you are 100% wrong BHARRIS. When you get married you are NOT responsible for any debts that your spouse has before you married him/her.
2006-09-25 09:42:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i see your prepare of theory, yet regrettably the prepare under no circumstances made it to the station. no they order toddler help through a share of what you earn. and under no circumstances a lot else. some states have "different issues" yet they not often use them the following in texas
2016-10-16 02:15:18 · answer #7 · answered by ? 4 · 0⤊ 0⤋
the one that is the primary borrower, which mean whom ever name appear on the loan paper.
2006-09-25 09:27:43 · answer #8 · answered by samdrian 4 · 2⤊ 1⤋
persons names on it !
2006-09-25 09:26:29 · answer #9 · answered by ? 2 · 2⤊ 1⤋
the one that got the loan,unless you co signed something
2006-09-25 09:26:10 · answer #10 · answered by john doe 5 · 3⤊ 1⤋