Love and debt can hurt; especially when you are the one left with the notices and bills. A question we sometime get is:
Am I liable for my spouse’s debts?
The general rule is that spouses are not responsible for each other’s debts, but there are exceptions. Many states will hold both spouses responsible for a debt incurred by one spouse if the debt constituted a family expense (e.g., child care or groceries). In addition, community property states will hold one spouse responsible for the other’s debts because both spouses have equal rights to each other’s income. Also, you are both responsible for any deb that you have in both names (e.g., mortgage, home equity loan, credit card).