Legal Question in Credit and Debt Law in Virginia
I own a car with a car loan in my name.My wifes corporation has always made the monthly payments on the car loan.If I default on the car loan would my wifes corporation be held liable for the car loan?
Asked on 1/18/12, 7:31 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, you would be solely responsible as long as the company
was not a guarantor of this loan (nor anyone else).
Answered on 1/18/12, 9:28 am
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