question category: Other Debt Questions

I have debts from many years ago. I have recently got married. My wife owns her own home
Submitted on: 25th Aug 2009 by Non-Member | Total Answers: 1

Would my wife be liable for any of the debts. The debts were all in my name and happened before I got married.

Answer this question

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Re: I have debts from many years ago. I have recently got ...

The short answer is no. Your wife will not be liable for debts she hasn't signed the credit agreement for.

There are longer more complicated answers about the way a couple can be seen to build up a "beneficial interest" in a property over time by contributing to the household but that will really only be an issue in divorce or bankruptcy - and there are ways and means of dealing with those issues.

At Debt Advice Foundation we often like to see a full household income and expenditure but this is purely so we can advise you accurately. If you have specific questions about debt by all means click on my name and contact us.

Submitted on: 25th Aug 2009 by Darren Member

0
 

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Featured Debt Charity

“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.” Debt Advice Foundation