Sentences with phrase «debts incurred jointly»

However, debts incurred jointly during the marriage are the responsibility of both spouses — regardless of who actually spent the money.

Not exact matches

All expenses incurred by the Electoral Commission in exercising the powers conferred by sections 197A (9) and 198 (1) may be recovered by the Electoral Commission from the persons by whom or by whose direction the statement, name, emblem, slogan, or logo was exhibited, as a debt due by them jointly and severally to the Crown.

However the answer will hinge on whether your debts were incurred jointly or separately.Bankruptcy only eliminates the personal liability of the individual that actually files.

In reality, spousal debt in the United States depends on the type of state you live in, namely, whether it is a community property state or common law state.4 In a community property state, you are not responsible for any debt your spouse incurred before marriage, but are jointly responsible for debt incurred by either of you going forward.

You will still most likely be responsible for paying those debts even though they were jointly incurred by you and your former spouse.

Depending on state, when you get married much of your individual property becomes jointly owned; this includes everything from your earnings to any debts you may incur while married.