Am I Responsible For My Spouse's Debt?

A common question that our lawyers at Prescott Pearson & Tande, PA, deal with often is what married couples should do when it comes to filing for bankruptcy or seeking debt relief.

There is no easy answer to this question, which is why you and your spouse should seek experienced legal representation that will help you work out a resolution that benefits you. If you work with Prescott Pearson & Tande, PA, serving clients in the Minneapolis/St. Paul area of Minnesota, we will help you determine the best way to proceed.

We Know What Debts Are Yours and Which Are Your Spouse's

According to Minnesota collection law, the only spousal debt that you are liable for is a debt for a necessity, such as a medical emergency that leads to expensive bills. However, this only applies to couples when the debt is acquired while married and living together when the debt was incurred. If you marry someone who already has an outstanding medical debt, you will not be liable for that debt.

Otherwise, the only spousal debts that you will be responsible for are debts that you sign for. If you sign on a credit card account, or if you co-sign for any kind of loan, such as student loans or an auto loan, creditors may come after you for the debt if your spouse cannot pay.

Get the Right Legal Advice Before Filing for Bankruptcy

Deciding whether to file for bankruptcy jointly with your spouse or separately is a question that should be answered after you have spoken to an experienced attorney. Since 1951, our law firm has been counseling clients throughout the Twin Cities and Minnesota who need our help getting through bankruptcies.

  • Minneapolis-St. Paul Area: 651-968-8096
  • Minnesota Statewide Toll Free: 888-366-0827

To schedule a free consultation at Prescott Pearson & Tande, PA, you can contact us online or call us today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.