SMARTFINANCESOLUTIONS.NET - How does a wifes bankruptcy affect her husband?

By : Jekaterinabostockiki

Published On: 2013-11-28

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Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - How does a wifes bankruptcy affect her husband? - Well it depends on a lot of things.

If they have joint loans then the Husband becomes responsible for paying them or if they live in a community property State and the Wife has incurred debt while they were married the Husband is responsible for repaying that also.

If on the other hand they have no joint debt and do not live in a community property State then her bankruptcy would have no affect on the Husband at all unless they applied for a joint loan then her bankruptcy could cause them to be declined or if the were approved pay a much higher rate of interest. -

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