September 12, 2019
AM I RESPONSIBLE FOR THE DEBTS OF MY EX-WIFE OR EX-HUSBAND?

Question: “Am I responsible for the debts of my ex-wife or ex-husband?”

“If the debts in question are only your ex-wife’s or ex-husband’s, you should not be responsible for them. However, if you also signed on the underlying note or credit obligation, then you may be responsible. Also, if there is a divorce decree or marital settlement agreement which defines that you have to take some liability for those debts, then you may in fact be obligated under those debts. The obligation however won’t be to the creditor, it will be to your ex-wife or ex-spouse in assisting them to pay off the debt in question.”

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THIS BLOG IS INTENDED FOR GENERAL INFORMATION PURPOSES ONLY. IT DOES NOT CONSTITUTE LEGAL ADVICE. THE READER SHOULD CONSULT WITH KNOWLEDGEABLE LEGAL COUNSEL TO DETERMINE HOW APPLICABLE LAWS APPLY TO SPECIFIC FACTS AND SITUATIONS. BLOG POSTS ARE BASED ON THE MOST CURRENT INFORMATION AT THE TIME THEY ARE WRITTEN. SINCE IT IS POSSIBLE THAT THE LAWS OR OTHER CIRCUMSTANCES MAY HAVE CHANGED SINCE PUBLICATION, PLEASE CALL US TO DISCUSS ANY ACTION YOU MAY BE CONSIDERING AS A RESULT OF READING THIS BLOG.

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Published: September 12, 2019
Author: The Boatman Law Firm
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