Legal Question in Credit and Debt Law in New York
obligations of spouse
Is a spouse liable for a debt that his/her spouse incurred & can a joint account be frozen?
Asked on 2/15/06, 11:36 am
1 Answer from Attorneys
Andrew Nitzberg
Andrew Nitzberg & Associates
Re: obligations of spouse
A spouse is not liable, but a joint account is 100% owned by each of you. That means it can be seized in full for any debt of either of you.
Answered on 2/15/06, 1:48 pm