Legal Question in Family Law in California
Am I also responsible?
In the event of a divorce Who is responsible for all of the payments if my husband buys a new vehicle and I do not sign the paperwork. In plain English can I be held responsible for them in the case of a default?
Asked on 10/04/03, 12:32 pm
2 Answers from Attorneys
Donald Holben
Donald R. Holben & Associates, APC
Re: Am I also responsible?
Likely, yes. In California all debts and assetts acquired during marriage are considered community.
Answered on 10/06/03, 11:06 am
PATRICK MCCRARY
PATRICK MCCRARY
Re: Am I also responsible?
You probably cannot be held personally liable for the debt by the creditor. However, it is a community debt and if the truck is upside down (worth less than is owed) the judge will probably offset the negative equity against other community property. Good Luck, Pat McCrary
Answered on 10/04/03, 3:35 pm