What rights do I have for the collection of a 15 year old debt?
Full Question:
I was divorced over 15 years ago. Before we new we were going to split, we bought some furniture, it was me that signed the papers, although it was my husband who was making payments because I was not working at the time. He filed bankruptcy and this furniture was not included in his bankruptcy and now 15 years later collection is coming after me. Do I have to pay this debt?
03/31/2007 |
Category: Debts and Credit |
State: California |
#2417
Answer:
Generally, the person who is the titled owner and who signs their name to the finance agreement is liable for repaying the debt. The answer would depend on the property division in your divorce and whether your husband signed an agreement to assume the loan or be a co-signor/surety/guarantor.
