Watson Inc: Outrageous Law Transfers Parents' Debt To YOU »
Posted By chapelhillNC 4 months, 1 week ago in Business & Finance
With few exceptions, such as a divorce degree, you are not legally liable for debts you have not personally signed for or agreed to pay. There is an inherent sense of fairness to this principle: your finances cannot be obligated to pay for something without your consent (except perhaps to the taxman or to your dependents). However, an archaic law in Pennsylvania is being enforced to make adult children to pay for their parents' debts.
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