Sentences with phrase «joint debtor»
A joint debtor refers to two or more people who are equally responsible for repaying a debt. This means that if one person cannot pay, the other person(s) will still be obligated to pay off the debt. Full definition
Can a creditor double their money after a default by joint debtors?
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Mesa West's release of independent counsel in a settlement agreement did not release attorney because attorney and independent counsel were not joint debtors;
More importantly, as joint debtors each spouse becomes liable for the activities of the other, and each is responsible for making any payments.
Your private agreement doesn't bar a creditor from attempting to secure payment from the other joint debtor.
Perhaps you're a joint debtor with your sister on her mortgage.
If you are a joint debtor or co-signer to the deceased then it becomes your responsibility to pay off that shared debt.
The first is when you signed the consolidation paperwork you agreed to be a joint debtor and obligated to repay the debt.