Legal Question in Credit and Debt Law in Michigan
Responsibility of Spouse
Two years ago my husband signed an IOU, or legal agreement with his ex-wife to pay her $13,000 at $600 a month. He has
not been able to keep these payments up to date and she is
threatening to sue him and ME. I had no idea this agreement
had taken place. It is money he owes her and her father from
when he was still married to her. Am I responsible for this
debt because I am married to him now. We have been married
for almost 4 years and I just found out about this. Needless
to say, I am very upset.
Thank you.
1 Answer from Attorneys
Re: Responsibility of Spouse
Probably not. However, if suit is filed and a judgment is entered against your husband, any joint property or accounts owned by the two of you may be subject to attachment or garnishment.
You should have an attorney read the agreement and review your assets for a more complete answer to your question.