Sentences with phrase «for debts incurred»

Not to be flippant, but been there, done that... even had to declare in the papers that I was not responsible for any debts incurred by my beloved.

The same is true for any debts incurred over the course of the marriage — both partners are responsible for them.

Sometimes it is not easy to prove community waste, so the innocent spouse should file for divorce promptly and thus minimize his or her responsibility for the debts incurred by the other spouse.

A divorcing couple are liable for the debts they incurred when married, and if anything, their creditors are even more attentive to them than a stable married couple.

If you live in a community property state, you both may be responsible for debts incurred on individual accounts during your marriage.

Despite the New York judgment, Pamela then brought proceedings in the Chancery Division in London in her personal capacity, against herself in her capacity as executor of the estate, for debts incurred by Mrs C before her death and for expenses incurred in the administration of the estate.

You will be required to pay out of your own pocket for any debts incurred by your business.

It's possible to include a provision that states both parties agree to retain responsibility for all debts incurred before their marriage.

Destabilizing Elements (II) • The end of joint & several liability • Reinforced equal sharing / lockstep • Discourages flight — you remain liable for debts incurred while at the firm • With personal liability, incentive is to try to rehabilitate a declining firm • Without it, logic dictates early departure — first out the door • Most importantly: The end of periodic shared decisions to stay together

However, note that the protection isn't perfect, and in certain circumstances you may become personally liable for the debts incurred by the business.

The owner will be liable for debts incurred by the business.

Public companies, for instance, that pierce the corporate veil will not have all shareholders held liable for the debts incurred.

The Tulsa SPCA can not finance any expenses related to a Third - Party Event or assume responsibility for any debts incurred.

Know that surviving family members do not have to pay for debts incurred by a criminal who has stolen the identity of their deceased relative.

However, if you live in a community property state (California, Arizona, Idaho, Nevada, Louisiana, New Mexico, Washington, Texas or Wisconsin), your spouse and you may be responsible for debts incurred during the marriage, and the individual debts of your spouse may appear on your credit report as well.

By contrast, ownership by a sole proprietor or partnership carries unlimited personal legal responsibility for debts incurred by the business.

A discharge eliminates all personal liability for debts incurred prior to the bankruptcy case.

The good news is that you may not be held liable for the debts incurred as the result of identity theft.

Put simply, in a community property state, a spouse is responsible for debts incurred in the marriage regardless of which spouse's name is on them.

Creditors also may be able to collect from you for debts incurred to pay for necessities, such as food and shelter.

Joint accounts are those where both spouses are listed as account holders and where each spouse has a duty to pay for debts incurred on the credit card regardless of which person made the purchase.

When a business credit card account is opened, a personal guarantee is when an officer of the corporation designates himself and is bound by contract to be liable for all debts incurred on the new credit card.

Any other people on the account are secondary users not responsible for debts incurred.

If you live in a community property state: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin the surviving spouse is responsible for debts incurred by the account holder during his or her marriage — even if the surviving spouse did not cosign.

That should include the terms under which they lend our money and the terms under which they make taxpayers liable for debts incurred through such financial arrangements.

What we are left with is a system in which South Africans are paying for debt incurred during the Apartheid regime and Congolese citizens are repaying debts for money that was stolen by Mobutu Sese Seko.

(They become responsible for debts you incur on the card, should you fail to pay them.)

Do you know where I got the $ 12 trillion figure for the debt we incurred in the bull market of the late 1990s?

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.

However, you are not considered a primary account holder and don't share responsibility for any debt incurred on the card.

For debt incurred on or before December 15, 2017, the prior $ 1 million limit will apply.

Steps to clear fraudulent accounts set up by a parent — A minor is not morally, financially or legally responsible for the debt incurred fraudulently by a parent.

Paying deceased's bill doesn't imply liability for authorized user — Authorized users are not responsible for debt incurred on a credit card account, even if they make payments after the primary cardholder dies... (See Liability)

Steps to clear fraudulent accounts set up by a parent — A minor is not morally, financially or legally responsible for the debt incurred fraudulently by a parent.

Part of a lateral hiring plan should include a repayment plan for the debt incurred.

Getting a prenuptial agreement that stipulates that each of you is responsible for the debt you incurred before you married is a reasonable precaution to take.

The good news is family members aren't responsible for any debt left behind after death, unless they've co-signed on that debt or live in a community property state where spouses are responsible for debt incurred during the marriage.

Loved ones don't «inherit» debt, unless they've co-signed on a dotted line or live in a community property state (in which case, a spouse is on the hook for debt incurred during the marriage).

It can also pay for debt incurred together, such as a mortgage, home equity loan or credit card bills.

Either spouse or partner may be held liable for a debt incurred by one of them or their dependent child for necessaries.

Corporation: An entity in which individual owners are not directly responsible for any debt incurred by the company.

(Sec. 11043) This section modifies the deduction for home mortgage interest to: (1) limit the deduction to mortgages for a principal residence, (2) temporarily limit the deduction for debt incurred on or before December 15, 2017, to mortgages of up to $ 750,000 (currently $ 1 million), and (3) suspend the deduction for interest paid on home equity loans.

Not exact matches

«If you put in $ 10,000, and incur $ 11,000 in debt, you're only potentially liable for $ 10,000.

In August 2015, Clinton campaign manager Robby Mook and DNC CEO Amy Dacey signed an agreement that would allow Clinton to control the party's finances, strategy, and all the money raised in exchange for raising money and investing in the DNC, which was still struggling to recover from debts incurred from the Obama 2012 campaign.

He devoted a chunk of his maiden speech to challenging the notion that further regulation is needed for credit cards, arguing two - thirds of Canadians pay off their balances every month, meaning they incur no interest at all, and that credit cards account for just 5 % of total household debt.

For many, buying a home means taking out a mortgage, but data from Attom Data Solutions shows that 28.8 % of homes purchased in 2017 were made without any debt incurred.

They believe, perhaps rightly, that Canadians - Conservative, Liberal, or NDP - will never vote for a political party that would run a deficit and incur rising debt.

For all of these reasons, it's important for students to enter medical school with a secure knowledge of the debt incurred while becoming a physiciFor all of these reasons, it's important for students to enter medical school with a secure knowledge of the debt incurred while becoming a physicifor students to enter medical school with a secure knowledge of the debt incurred while becoming a physician.

A rate check also can help you figure out whether you're likely to qualify for a debt consolidation loan without incurring a hard credit check or completing a full application.

The IMF, and its partners in the troika, first proposed its standard nostrum for a highly indebted sovereign: incur more debt.