Q: If my husband dies while paying a secured loan, am I responsible for that loan. Can they take the collateral from me?
My husband made a loan and used a lot of our household stuff.Can they take that from me or make me pay his debt? We live in Mississippi which is not a community property state.
A: If you stop making the payments, they can take the collateral for the loan. This is true whether or not they make a claim as a creditor in probate.
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