Who is liable for loan?

What is the name of your state? WI

I am filing for a divorce. My husband took out a loan when we first got married to buy his truck. His mother is the co-signer on this loan. My name is not on this loan, but my car is used for collateral on this loan. Am I responsible to pay the monthly payments on this loan if he is not working and has no income at all after we are separated?

"Am I responsible to pay the monthly payments on this loan if he is not working and has no income at all after we are separated?"
*** Since Wisconsin is a community property state, both parties are equally liable for a debt incurred during the marriage. Therefore, the answer is yes.

cleocat38 said:

What is the name of your state? WI

I am filing for a divorce. My husband took out a loan when we first got married to buy his truck. His mother is the co-signer on this loan. My name is not on this loan, but my car is used for collateral on this loan. Am I responsible to pay the monthly payments on this loan if he is not working and has no income at all after we are separated?

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My response:

Let me answer your question with a question.

Do you know what the word "collateral" means?

If you do, then you'll have your answer.

IAAL