Legal Question in Credit and Debt Law in Georgia

spouse's car loan

i live in georgia with my wife, joinly own a house. my wife took out a car loan solely in her name to buy a new car , then she lost her job.

if she default her car loan, will creditor be able to go after our house or any marital asset ?

can she quitclaim the house to me BEFORE defaulting car loan to prevent creditor going after our house ?

thank you very much for your advice.


Asked on 6/18/09, 4:37 pm

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: spouse's car loan

If a creditor gets a deficiency judgment, they possibly can place a judgment lien on the real property. Transferring real property to shield it from creditors is called a fraudulent conveyance.

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Answered on 6/18/09, 5:04 pm


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