Legal Question in Family Law in Virginia
If a car is repossessed during a divorce, can the divorce degree assign the debt to one party even if both signed the note for the car?
Asked on 6/02/11, 6:05 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Yes, particularly if the decree incorporates a property settlement agreement
signed by the parties whereby responsibility for this debt is assigned to only one of them.
The parties should nevertheless bear in mind that the lender is not bound
by such an agreement and can go after both in the event of a default
as long as both names remain on the note.
Answered on 6/02/11, 8:55 pm
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