Sentences with phrase «for joint debt»

Letting your ex-spouse, who is responsible for joint debt, drift into insolvency is not in your interest because you are still liable for that debt regardless of any separation agreement.

If this is not possible, the parties should include provisions in a separation agreement that detail the responsibility of each spouse for joint debt and the appropriate course of action if a spouse fails to fulfill payment obligations.

If one spouse declares bankruptcy, the other spouse is fully liable for the joint debt.

If you want to apply as a couple for a joint debt payment plan, you must both agree to the debt payment programme proposal.

Al owed $ 10,000 on a personal bank loan and would also be held liable for their joint debts.

Kim McGrigg: Your credit card agreement trumps your divorce decree — Even if your divorce decree says your ex takes responsibility for all your joint debts, it may not matter.

The court may decide one spouse is responsible for all joint debts and liabilities of the parties incurred during marriage.

Not exact matches

DAKAR, April 24 - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.

Macron has said he hopes to pool liability for various kinds of debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather than borne by individual countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.

DAKAR, April 24 (Reuters)- Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savJoint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savjoint select committee does not achieve such savings.

Over his 12 - year career at Forest City, he was responsible for the origination and structuring of construction and permanent debt, private equity transactions and joint venture partnerships.

However, anyone that cosigned a loan, is a joint credit card account holder or that wants to retain certain property may be held liable for your debt.

As Chief Financial Officer from 1990 to 1999, he was involved in the negotiations of the Sadiola and Yatela mine joint ventures with Anglo American and the US$ 400 million in project debt financings for development of the mines.

Mr. Feehan is a Principal of Normandy and head of capital markets, responsible for overseeing Normandy's debt and joint venture equity transactions.

EU wine and spirits producers welcomed the progress outlined in the Joint Report, i.e. the protection of UK citizens» rights in the EU and EU rights in the UK, the agreement that a hard border in Northern Ireland should be avoided, and the financial settlement agreement for the UK's debts to the E.U.

A joint loan doesn't always mean you're only up for half the debt if your beau defaults.

Then Standard gets out of the joint, he finds that he still has a debt for his prison protection.

If you filed a joint return but you were not responsible for your spouse's debt, you may be able to get your portion of the refund.

An authorized user is different from a joint account user, who is also allowed to make charges on the account but is also liable for any debt related to the card.

If both spouses are applying for a joint loan, it becomes impossible for either to take a mid-career break, because they are locked into high debt.

The only time the spouse would be responsible for the debt on a credit card is if they had a joint credit card agreement.

Sure, you can take measures to protect yourself, such as choosing not to take on joint debt and keeping your money in separate bank accounts, but what do you do if he files for bankruptcy again?

Differently, if a debt is joint or co-signed (both you and another individual have signed on the account and both names are on the account statement) then creditors could continue to pursue that individual for the full amount, even though you have filed bankruptcy.

Thanks for being here today to talk about joint debts.

When you, or your debt settlement company, approach a creditor about a joint debt, they'll likely deny your request and instead pursue the joint cardholder or cosigner for the balance.

Loan cosigners and joint account holders can be held responsible for debt, and family members may have to pay debts for inherited property they intend to keep.

Opening a joint credit account or receiving joint financing means that both of you are legally responsible for repaying the debt.

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.

The biggest difference between an authorized user and a joint account owner is that the original owner of the account is the only person responsible for repaying the debt.

For example, if you co-sign a loan or your spouse puts the debt on your joint credit card, creditors can come after you.

These types of debts are commonly referred to as joint debts because you both are liable for repaying the entire loan.

A debt is «joint and several» if more than one party is legally responsible for repayment of that debt.

Left with $ 20k total credit card debt from a shopaholic ex spouse with whom I had some joint credit card accounts — so partially I am responsible for signing the dotted line.

I explained that this would require suspending all savings to our joint account for the period that we're paying off debt and throw all extra cash towards debt.

If you have joint debts with your spouse and he or she does not also file, they are 100 per cent liable for those debts and only those debts.

Even if all your debts are in joint names, you will still have to apply for an administration order for each person.

However, don't become a co-signer or open a joint account because that would tie your finances together, possibly making you financially liable for their debt.

For instance, you can inherit your spouse's pre-wedding debt regardless of state type if you sign onto his / her existing account as a joint holder.

On the other hand, a joint credit card account or mortgage you've both signed for is a joint debt, meaning both you and your spouse are on the hook and the bankruptcy of just one of you will leave the other holding the bag — or the debt, as it were.

An exception is if the debt was incurred for joint household expenses, such as food, clothing, shelter, education or child care.

If, on the other hand, joint debts are your main problem, it will be necessary for both spouses to file in order to truly rid yourselves of debt.

It is important to keep in mind that when you open a joint account with your spouse, you are accepting responsibility for that debt whether you live in a common law or community property state.

This rule has big implications if you're preparing for bankruptcy because if you file without your spouse, your joint debt will become your spouse's full responsibility.

This individual and joint liability exists regardless of which credit card holder is responsible for creating the debt, and regardless of any divorce, dissolution, separate maintenance, legal proceedings, or agreements that may affect liability between any of you.

Some states hold spouses liable for the other's debt even if the account wasn't a joint account.

Common examples of joint debt between two people are a home or credit card where both spouses applied for the loan or a tax return that was filed jointly.

No one else has to pay for the debts unless they are already liable under the terms of the original agreement, for example the debt is in joint names or someone has signed as a guarantor.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

Note: For joint cosigned loans, at least one cosigner must meet all credit underwriting criteria with the exception of the debt - to - income ratio, which the cosigners may combine debt and income to calculate the debt - to - income ratio.