Legal Question in Credit and Debt Law in Virginia

I own a car with a car loan in my name.My wifes corporation has always made the monthly payments on the car loan.If I default on the car loan would my wifes corporation be held liable for the car loan?

Asked on 1/18/12, 7:31 am

1 Answer from Attorneys

Michael E. Hendrickson Attorney & Counsellor at Law

No, you would be solely responsible as long as the company

was not a guarantor of this loan (nor anyone else).

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Answered on 1/18/12, 9:28 am


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