Sentences with phrase «half of any joint debts»

Try to pay down as much of your joint debt as possible before your lawyer starts drafting the divorce agreements.

Doug Hoyes: And the only impact then on my spouse's credit would be in the example of a joint debt again.

Learn the pitfalls of joint debts, so you can plan well and hopefully avoid them.

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.

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).

If you can not afford to cover the payments for your ex's share of your joint debt, and if your ex isn't willing to refinance or work with you to sell joint assets, then bankruptcy could be the best course of action.

If you are dealing with a lot of joint debt, close any joint cards from further purchases and if necessary, apply for your own card.

I'm out of joint debt with my ex-wife and my credit rating has gone up, and I would attribute that a little bit to Cambridge.

In fact, even in the special situation where there is a legal separation agreement stating that each partner is to assume half of the joint debt, a creditor can still pursue the other spouse for all amounts outstanding if one of the partner defaults.

The Department of Education cites the issue of a joint debt remains a joint debt following a divorce.

The above scenario is only the beginning of more bad credit problems as a result of joint debt While in college, Annette had accumulated tens of thousands of dollars in student loans.

In the absence of a bankruptcy discharge, the creditor may sue either or both spouses for satisfaction of a joint debt.

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.

, a non-filing spouse will not receive the benefit of his or her spouse's discharge of a joint debt and the account history of a joint debt will reflect any delinquency or nonpayment of the joint debt by the parties.

With a bankruptcy discharge of one spouse, the creditor may look to the other spouse for full payment of the joint debt.

A husband and wife may file a joint bankruptcy while they are married and both may obtain a discharge of their joint debts.

This will allow the filing spouse to become debt - free while the non-filing spouse may become obligated on the remainder of any joint debts (effectively forcing them to file bankruptcy on their own).

If your ex-spouse files bankruptcy rather than paying the debts assigned to him in the divorce, you may have to deal with creditors of joint debts on which you are still listed.

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.

The debt - laden ketchup maker was recently the subject of a US$ 23 - billion joint buyout from 3G Capital, a private - equity firm based in Brazil, and Warren Buffett's Berkshire Hathaway.

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.

In the event of a spouse's death, creditors can not automatically remove the deceased person's name from the joint account and make the debt the sole responsibility of the living spouse.

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.

** Australian petrol and convenience store retailer United Petroleum is exploring a potential sale or a joint venture of the business that has a value of about A$ 1 billion ($ 921 million) including debt, people familiar with the matter told Reuters.

«As part of the new Regulations, an official joint announcement will be released during the upcoming PBOC press conference making it clear that neither the People's Bank of China nor the Hong Kong Monetary Authority recognises Bitcoin or any other virtual currency as legal tender, thus, making its use as an official currency to settle debts and financial obligations illegal.

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.

In the coming weeks, the Senate is expected to vote on its version of the Tax Cuts and Jobs Act, which the Joint Committee on Taxation (JCT) has estimated would add $ 1.4 trillion to the debt under conventional scoring.

Beau Bertoli, Joint CEO of Prospa, said the additional $ 50 million debt capital raising is part of Prospa's strategy to scale operations.

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.

Set in rural Alabama in the early 1950s, Honeydripper gives us Tyrone «Pine Top» Purvis (Danny Glover), a local juke joint owner in debt and in competition with another bar owner, determined to bring financial salvation in the form of live shows starring guitar legend Guitar Sam.

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

(from the U.S. Congress Joint Economic Committee) Rising levels of student debt aren't just saddling former students with enormous financial burdens, they're also threatening to inhibit those individuals» future economic activities and life choices, according to a new report by Democratic...

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.

When you die, your debt will not pass on to the members of your family or your beneficiaries, unless they are joint owners of the property.

We'll talk about joint debts, when filing a joint bankruptcy or proposal may make sense and how your debts are affected in the event of a separation or divorce.

If you're unsure whether your debts are joint or you're wondering how a joint bankruptcy or consumer proposal process works, contact a licensed Trustee in Bankruptcy to review your situation and discuss all of your options.

So, okay fine I've got this $ 5,000 joint credit card that they helped me get 10 years ago and their name's still on it, so before I go bankrupt, I'm going to help my parents get that paid down or even paid off which of course means all my other debts are going to be really old.

He goes on to say that filing a joint consumer proposal would be around half of that cost because you're only dealing with the debt once.

In a joint agency complaint, the FTC and CFPB alleged foul play: Green Tree committed a slew of unfair and deceptive practices in loan servicing, debt collection, and credit reporting that affected homeowners nationwide.

If you didn't have a joint cardholder and didn't live in a community property state, available money will be collected from your estate but the credit card issuer would have to walk away from any debt in excess of that.

If you have a true joint loan, both you and your spouse are equal borrowers in this debt and are equally responsible, no matter how much of the debt was originally yours.

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

Since the surviving spouse may not be the breadwinner of the family, using a joint first - to - die policy can relieve the burden of debt payments.

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.

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.