Both husband and wife would each be liable to the lender for the full
balance of this joint debt, although a separation agreement or a court order may allocate responsibility for payment of the debt between the husband and wife.
Not exact matches
As for
joint or individual
debt, be sure to list mortgages, car loans and leases, lines
of credit, credit card
balances, personal loans, and so on.
«In an off -
balance - sheet
joint venture,» he continues, «where the venture leverages 70 % to 75 % in
debt, and 75 %
of the equity comes from my
joint venture partner, I will generate a cash flow, redevelopment fees, asset management fees property management fees and other fees.