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    borrowed money

    when 2 people live common law, 1 borowed large sums of money, is the 1 borower responsible for repaying the debt or is it both.

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    0  Views: 429 Answers: 3 Posted: 14 years ago
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      3 Answers

      id say it depends on were the money went, meaning who spehnt it,if it were spent together on common items you both repay it.if 1 borrowed the money and blew it its his responceability

      14 years ago. Rating: 0
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        Sandy and I solved this problem. I give her all of my money and she keeps the books that I never look at. I do all of the shopping and use a debit card & bring back receipts. There is no need to argue about money...I don't have any. Everything is in her name. But I am responsible for all credit on paper that I don't look at. It is a trust relationship and we are divorced. Works for me.

        14 years ago. Rating: 0
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          if you both signed then yes. if only you signed then tuff luck it's down to you whatever you spent it on.

          14 years ago. Rating: 0
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