I live in my marital residence since 1999. My husband lost our business and was incarcarated for a short time for wire fraud.

Asked over 1 year ago - Marlton, NJ

There are judgements against him and I am thinking of selling our home. I am currently in title since 2011. After the loss but not sure if before judgements. I want to know if I am responsible for his business debts that were incurred due to the loss.? If we sell wouldnt I get 50% of portion of proceeds and he would get 50%? Or whatever he woukd have left after judgements are settled...

Attorney answers (1)

  1. Dewitt Clearwell Liu


    Contributor Level 6

    Answered . You would not be personally responsible for your husband's business debts unless you co-signed any business loans. However, your husband's judgment creditors can reach the proceeds from the sale of the marital home.

    The above response is for informational and educational purposes only and should not be construed as legal advice.... more
Avvo instant logo@2x

Need an answer to your questions within 15 minutes?

  • 30-minute phone call
  • Ask any questions
  • $99 flat fee
  • Money-back guarantee
Talk to an attorney now

Can't find what you're looking for?

Ask span5@2x

Ask a question on our public forum.

Ask a lawyer
Instant span6@2x

Have an attorney contact you privately.

Right now.

Icon lock@2x
Secure conversation. Your details remain between you and your attorney.
Icon clock@2x
Get an answer guaranteed. Be assured that a lawyer will contact you to help with your legal issue.
Start your session now