Is spouse responsible for credit card debt after divorce?

Is spouse responsible for credit card debt after divorce?

When you get a divorce, you are still responsible for any debt in your name. That means that if you and your spouse had a joint credit card, you are just as liable for that debt as your spouse.

Can you get IRS debt forgiven?

The IRS has expanded their Fresh Start initiative, which makes it easier to afford your tax payments with IRS debt forgiveness. That’s why the government offers IRS debt forgiveness when you can’t afford to pay your tax debt. Under certain circumstances, taxpayers can have their tax debt partially forgiven.

Does state tax debt ever go away?

It ranges from 3-15 years, depending on the state, and resets each time you make a payment. First of all, the IRS generally has up to three years from the date you file your tax return or are required to file your tax return, whichever is later, to assess additional tax liabilities (i.e. audit you).

Can you go to jail for not paying state tax?

Felony if intent to evade and unreported tax exceeds $25,000 in 12-month period with $5,000 – $20,000 fine and/or imprisonment for 16 months – 3 years. California’s criminal failure to pay sales tax penalty is a misdemeanor with $1,000 – $5,000 fine and/or imprisonment for up to 1 year.

How long can a creditor come after you?

between four and six years

Will credit card companies forgive debt?

Credit card debt forgiveness is when a credit card company does not make you repay all of your outstanding balance. But debt collectors will only resort to forgiveness in extreme situations, usually after several missed minimum payments. So it’s more about your creditor making the best of an unprofitable situation.