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#1
09-01-2003, 01:03 AM
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 Credit Card DebtWhat is the name of your state? New York (Westchester County) I have some Credit cards Bills, however i let my Daughter use 2 cards when she bought a new house, she told me it will only be a few things. she will take care of the bills. now in doing so she had used then to the tune of $ 19.000 (2years) ago and is only paying the minimum amt. due, the cards are in my name. I and my fiance bought a Coop Apt. it is in both our names, if anything happens to me will he be responsible for my Credit card debt that my Daughter used? Can they sue him for that money if i died and take the Coop from him for the amount she used, since she dosn't have any of the bills in her name?Who is resposible for this debt? Thank You for any help. Ruth |
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#2
09-01-2003, 05:26 AM
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| "if anything happens to me" *** As in what??? Getting the flu?? Finding a new job?? What?? "will he be responsible for my Credit card debt that my Daughter used?" *** If his name is on the account, then he is equally liable for any authorized charges on that account. "Can they sue him for that money if i died and take the Coop from him for the amount she used," *** Again, if his name is ON the account, he would be liable for her charges. "since she dosn't have any of the bills in her name?" *** Lost me on that one. In the other sentences you said 'he'. Now you say 'she'. Who is the 'she'?? "Who is resposible for this debt?" *** And once again...... ANYONE whose name is on the account is liable for ALL authorized charges on that account. "Thank You for any help. Ruth" *** You're welcome. And it is time to consider suing your daughter for your 'damages'.
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! |
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#3
09-01-2003, 11:18 AM
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| Sounds like the daughter took royal advantage of Mom. She needs to be taught a serious lesson in responsibility. |
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#4
09-01-2003, 12:13 PM
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Credit Card DebtJETX I want to thank you very much for your response.I'm sorry if i didn't make it clear enough. #1- By anthing happening to me- If I died #2- About my partner being responsible for my Debt?- Credit Card Balances #3- My daughter used MY Credit Cards which are in my name only #4- The only name on the Credit Cards are mine, my only concern is that if i die will they come after him to pay up the Amounts due, since I have 1/2 of the shares(co- op) in my name and we are not legally married, will they want their money from my half of the shares to satisfy my Debt after Death? Again Thank You for your help, This has put so much pressure on me as he is also concered and wants me to take the shares out of my name so they wont come after him and that I should even file for Bankruptcy since I do not have anything else of value in my name.Thank You Very Much. |
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#5
09-01-2003, 12:18 PM
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| JETX, all yours. |
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#6
09-01-2003, 12:19 PM
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Credit Card DebtHome Guru- I thank you also, yes she should be taught a lesson and she did take advantage of me. She fooled me once but not ever again, and I am holding the Bag full of Bills in MY name.  Ruth |
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#7
09-01-2003, 03:47 PM
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| Okay, lets answer your first three in one 'swoop'... *** If your 'partners' name is not on the contract/agreement, he is not liable for the debts that you incur. Now, with that, lets move on to #4, since it has a little 'spin' on it. "my only concern is that if i die will they come after him to pay up the Amounts due, since I have 1/2 of the shares(co- op) in my name and we are not legally married, will they want their money from my half of the shares to satisfy my Debt after Death?" That will depend on your estate. If the property is titled "your name and his name with JTROS", then the property would probably not be subject to seizure by debtors (as it would immediately become his on your death). However, if the property does NOT have that title distinction, then the property MIGHT go to the estate and the creditors would need to be paid by the estate (from whatever assets are available). This gets off into estate planning which is state specific and you really should get a specific opinion from a local attorney.
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! |
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#8
09-01-2003, 04:17 PM
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Credit Card DebtJETX I thank you again for your response, which helped greatly. I will look on the shares and see if they are JTROS-i am not sure if it states that i will look. You are a special person to help me thru this issue, if you dont mind i will get back to you again with the results ok? Thanks, Ruth |
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