fiancee's debtgreenspun.com : LUSENET : Repossession : One Thread
My fiancee and I were thinking of buying a car together. We would pay cash for the car. However, he has judgements against him due to bad debts he incurred with his ex-wife. My question is would be the car be subject to collection for these debts if it is jointly owned by us?
-- Erin (firstname.lastname@example.org), June 14, 2004
Yes it would. Just think about your question for a moment - how could you possibly expect that something which you later own should not be siezable in respect of your debts which you ran up hiterto?
-- David J. Button (email@example.com), June 14, 2004.
Why would a car that I jointly own be subject to seizure if I had no responsibility toward the debts that he has?
-- Erin (firstname.lastname@example.org), June 14, 2004.
Erin Why dont you just purchase the vehicle soley in your name? Problem solved.
-- Jess (Jess456@yahoo.com), June 15, 2004.