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Credit card debt info, please?

Old 03-15-2009, 07:10 PM
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Default Credit card debt info, please?

I have a good friend that lost his wife recently. She had a few credit cards - in HER name ONLY - that have considerable balances on them.

My question is - is HE (the husband) responsible for the debt or will the card companies write it off as "bad debt"? I would think that he is NOT responsible, but really have no idea? His lawyer seems pretty "iffy" on this, but I would think they run into this type thing pretty often?

He (husband) hasn't contacted the companies yet - I don't think - as he wants to see what HIS "rights" are before discussing the matter.

Do the "laws" governing this differ from state to state and/or company to company? I think the cards were from 2-3 different companies?

Knowing we probably have some "credit card company" folks on here, I'm curious to see what "policies" may exist.

Thanks for any insight you may offer - my friend is a GREAT guy and, in the end, will do what is right and legal. I'm just trying to see what he may run up against in resolving this.

Regards,
Old 03-15-2009, 07:14 PM
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not sure about your area,but Fla what's your's is her's and vice versa and that goes for debt also.so he would be if he lived in Fla
Old 03-15-2009, 07:37 PM
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I wouldn't think HE is responsible for the cc debts, but the estate is.

Life insurance
Joint Banking accounts
Joint vehicle ownership
personal belongings
Home....
Old 03-15-2009, 08:42 PM
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Originally Posted by Crabpot Man View Post
I wouldn't think HE is responsible for the cc debts, but the estate is.

Life insurance
Joint Banking accounts
Joint vehicle ownership
personal belongings
Home....

I think thats how it will end up. In that he is responsible for her estate, rthne in turn, he ends up with the debt. It may vary from state to state but I think thats how it lands.

My condolences to him. This is a tough time for him and kids if any
Old 03-16-2009, 03:36 AM
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Originally Posted by Crabpot Man View Post
I wouldn't think HE is responsible for the cc debts, but the estate is.

Life insurance
Joint Banking accounts
Joint vehicle ownership
personal belongings
Home....

I would agree, also if she died this year(2009) then could still file a joint tax return and if the cc companies write it off she will get a 1099 c (cancellation of debt) which is taxable so he would need to file MFS next year to avoid that as well

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