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Debt And Marriage: When Do I Owe My Spouse’s Debts?

Debt And Marriage: When Do I Owe My Spouse's Debts?

Debt And Marriage: When Do I Owe My Spouse’s Debts? Whether you and your spouse are responsible for paying each other’s debts will depend primarily on where you live. If your state follows common law property rules, spouses are only liable for their own debts, with a few exceptions. For instance, both spouses must pay… Continue reading Debt And Marriage: When Do I Owe My Spouse’s Debts?

Bankruptcy And The Personal Guarantee

Bankruptcy And The Personal Guarantee.

Bankruptcy And The Personal Guarantee A personal guarantee is a contract wherein an individual agrees to pay a business debt. A business owner will often sign a personal guarantee if a company needs to make a purchase on credit for things such as real estate, inventory, supplies, or services. By signing the agreement, the owner… Continue reading Bankruptcy And The Personal Guarantee