If I did not co-sign an auto loan for my husband’s vehicle, am I responsible for the payment?
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If I did not co-sign an auto loan for my husband’s vehicle, am I responsible for the payment?
My husband purchased a vehicle in his name without me knowing and now cannot make the payments. Am I responsible for the loan as well?
Asked on April 17, 2012 under Bankruptcy Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If your husband purchased the vehicle that you are writing about when you both were married, then under your state's marital laws, you would be responsible equally for the debt that he has incurred and cannot pay regardless if you did not co-sign for the loan. In the end, you are responsible for the loan of your husband.
Under marital property laws in your state, your marital assets could very well be subject to a levy in the event that a judgment arises out of this marital obligation.
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