LawRato

Am I legally bound to pay for my husband's individual debts


22-Aug-2023 (In Family Law)
I have not cosigned for any debt loans taken by my husband. Husband is unable to pay the loan. Am I legally responsible for paying back the loan? I do not wish to pay back his loans. My husband does not have any assets of his own but I individually own a few properties.
Answers (1)

Answer #1
861 votes
You have to describe about the loan. if you are a co-borrower or guarantor or indemnifier, you should pay the loan. if either of your property is mortgaged, the property which is mortgaged is liable for recovery process.
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."