ANSWERS: 2
  • The other spouse is liable for it. It may be too late now, but this is why you want to get life insurance on your spouse. Another option is bankruptcy is you cannot find a way to pay.
  • Both spouses or jointly and severally liable for the debt. That means the creditor can go after any spouse for the WHOLE debt at any time. If you are asking this question merely for planning purposes, you may want to consider getting life insurance to protect yourself should your spouse die. If this has already occurred, you are liable for the debt.

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