Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
By signing your name, it sounds like you were also a party to taking out the credit line, which would be a violation of the terms of the Act and potentially your debtor's assistance program. If your husband takes out the loan, that is fine, you are just unable to be a party to the loan. If the debtor's assistance finds out that the terms of the program have been violated, then they can drop you from the program. They may also have other recourse as laid out in your contract with them.
Please let me know if you have any other questions, or require clarification of this matter. Otherwise please hit "ACCEPT", so I may receive credit for my response. Tips and feedback are also appreciated.
Unfortunately, the only reason they would have you sing the loan is if they considered you a co-applicant. I am not sure the bank understood that although you would be making some of the payments, you could not sign documentation making you legally responsible for any of the payments.
It may behoove you to seek legal advice to ensure that your rights are protected moving forward.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).