Wife pays debt

I was divorced in November My ex was under the divorce decree ordered to pay a one-year free financing loan we had I was primary and she was co, wife pays debt. Under the same decree I was ordered to pay her credit card which she was primary and I was co. I was paying credit card and have proof.

Paying your husband's debt may not have been on your mind when you said, 'I do,' but sometimes that is a decision you have to make. Financial teamwork creates more peace and harmony in the marriage, so sometimes it's worth paying your husband's debt. But, of course, there are times you shouldn't. Recognizing when you should and shouldn't is important for your financial and marital health. If you didn't have the 'money talk' before marriage, you might unpleasantly discover that your spouse is in debt. While it might not be what you signed up for, there are ways to handle it, and those ways may surprise you. Sometimes it's okay to pay your partner's debt, but there are certain situations that you shouldn't consider it.

Wife pays debt

They have borrowed money from a very dangerous man and now they can't pay it back. Cherie thinks she will be able to talk Cherie thinks she will be able to talk him into buying them some more time. When she arrives, he tells her and her husband that When she arrives, he tells her and her husband that there is only one way he will give her what she wants. Her ass is spanked until it is red Read all. Sign In Sign In. New Customer? Create account. Adult Drama. Director Greg Lansky.

Wife pays debt you're interested in seeing what financial counseling is all about, take advantage of my complimentary consultation! User reviews Be the first to review. A debtor's lawyer must sign a reinstatement, and I would be flabbergasted if any lawyer would agree to sign a reinstatement for a timeshare.

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For many couples, getting married means merging different aspects of their individual financial lives. Some couples, for instance, may choose to share checking and savings accounts or create a household budget that combines joint and individual expenses. But one question you may have is: If I marry someone with debt, does it become mine? Before tying the knot, it's important to understand how debt affects marital finances. When one or both partners have debt coming into the marriage, the debt belongs solely to the person who incurred them. Neither of you would be responsible for the other person's debt in that scenario. The exception is if one of you acted as a co-signer for the other person or if you opened a joint credit card account. Co-signers are treated as being equally responsible for repaying debt, regardless of whether both parties benefited from the money borrowed. So if your partner co-signed on a car loan or student loan because your credit score wasn't good enough to get the loan, they'd still share legal responsibility for the debt even if they don't drive the car or go to school.

Wife pays debt

Posted on December 12, in Debt. Debts accrued during a marriage might be either personal or shared, but is the wife paying a husbands debt fair? Learn more about what to do if your wife pays the debt, and who should be responsible. Debt can be stressful. It seems so easy to accumulate and yet so difficult to pay down and work your way towards becoming debt-free. The only thing worse than paying for the debt you have accumulated over the years is being responsible for the debt your significant other has racked up. One of the biggest factors in most states is when the debt accumulated. In most cases, debt gathered prior to a marriage would remain with that singular person and they would remain solely responsible for repaying.

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For example, if you know he has good credit and might qualify for a zero percent balance transfer credit card or low-interest loan, help him apply. If you own any joint accounts that your spouse included in the bankruptcy, you will still be liable for the debts if you don't also file bankruptcy. Of course, if you cosign a debt for your husband during marriage, you are equally responsible for the debt. Storyline Edit. The key is not to freak out; instead, talk together, and problem solve to get to the root of the problem and find a solution. If this holds true after evidence is taken, you must be released as indigent with a new date to report back for review. I always advise consumers to seek and follow all good legal advice by an attorney licensed in your state. It's a common debate couples have, especially if you discover your husband has more debt than you realized! If your husband can't pay it, and your name is on the loan, it will hurt your credit if it goes unpaid. I was going to pay the free financing loan but was advised against it by my divorce lawyer due to fact that I would still be responsible for the credit card. This budget should focus on your monthly obligations and a plan to pay the debt off in a doable timeframe. If the second was a joint loan, both borrowers almost certainly have joint and several liability for the loan, which means if one does not pay, the lender has the right to collect the entire balance from the other borrower. This kind of liability is called "joint and several liability. Let us assume the ex-wife files a chapter 7 or chapter 13 and does not pay the second mortgage. However, if your ex is unwilling to work with you to resolve these problems, you may have little choice but to file a motion for contempt.

Seven out of 10 Americans get married with some amount of debt — mainly credit card and student loan debt, according to Debt.

Repeating Cycle If you've already been down this road with your spouse only to find yourself back where you started, you may reconsider helping him again. Our top choice would be a Chapter 7, because we don't want to still be dealing with this timeshare in some way, shape or form in another 10 years, however, it looks as though with my income we may not pass the Means Test. I was paying credit card and have proof. For example, if you dream of buying a house, but your husband's debt makes your debt-to-income ratio too high for loan approval, consider paying it. Sometimes it's okay to pay your partner's debt, but there are certain situations that you shouldn't consider it. You should not consider this answer as a legal opinion; you will need to contact an attorney in your home state for reliable answers to your legal questions. Best, Bill www. In my wife's first marriage, she lived in Arizona community property state where her ex bought a car in his name. In death, you aren't responsible for your husband's debt; instead the money typically comes out of his estate. Sometimes, however, there are reasons a wife pays debt for a husband that works for both parties, which is why communication is key. Now 5 years later, she received a summons and complaint suing her and him for the value of the car plus interest. The rules for civil contempt would probably be applied in this case, and you would be ordered to bring your behavior into compliance or report to the county sheriff to start an indeterminate jail term. You could even work out a budget with him so he pays off the debt with the new loan or credit line and doesn't get into debt again. More to explore. Because we are responsible people, we take these calls and have ended up paying over 6, dollars to these creditors, while his ex-wife doesn't answer the phone and has paid nothing.