After separation, who responsible for credit debt?
Date: Wed, 12/15/2010 08:44
My wife and I took out a line of credit ($42,000) when she was on maternity leave with our second child 5 years ago. She handles our finances because she likes to be in control and want to keep the peace. About two years later, the back offered her a second line of credit (that she took) in her name. I didn???t know about this until months and a lot of debt later. Now we have $38,000 owing on our joint credit line and $30,000 owing on her credit line. My wife is responsible for about 70% of the debt (purchases that were maid without my knowledge and were unnecessary). My wife recently said that she wants a separation and we just separated account, money and bills with her initiating. Am I (legally) responsible for her line of credit (paying off the debt)?
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