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).


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Attorney & Counsellor at Law 211 North Union Street Suite 100 Alexandria, 22314

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

125 Answers given in the last few hours.

8663 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search