Virginia  |  Credit and Debt Law

Legal Question

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

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?

1 Answer

Answered on: 1/18/12, 9:28 am by Michael E. Hendrickson

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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