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Yes, regardless of whether the second person on the account is a minor, if the debt being recovered is the responsibility of the adult on the account, any funds existing in the account can be attached. There may be several ways to prevent this, but they would likely involve setting up some sort of trust or guardianship that would be cost prohibitive. Your best bet is to close all accounts in the name of the debtor.
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Can the bank legally take money from a joint bank account?
If it is a joint account yes. If that persons Social Security number is tied to that account it can be taken. If they are taking it for a lien or garnishment the best solution is to close the account and open it in one name only. The name of the person not being garnished.
Can a joint marital bank account be garnished?
Yes. The very rare exception is if the married couple reside in a state that allows the account to be held as Tenancy By The Entirety and only one spouse is the debtor.
Can a wife's bank account be garnished because of a judgment against her husband for an unpaid debt in his name?
Generally they can't garnish your account for a debt in your husbands name only unless he also uses your account - as in a joint account or his pay is deposited in the account.
Can your bank account for salary be garnished for hospital bills?
If they get a judgement, yes
How do you divide a joint bank account?
A joint bank account is something that is owned/controlled by more than one person. So, to divide a joint bank account, the joint account holders have to come to an agreement as to who will be the sole owner of the account. Then, they must visit the bank and submit a written request. The bank will change the account to a single owned account after receiving the No Objection Letter from the other holders of the account.
Can a minor's bank acct be garnished?
No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.
Can a joint bank account held by two unmarried people be garnished in MA?
Whether you're married or not a joint bank account can be garnished in MA. Garnishments are ordered on the individual's financial accounts and essentially can apply to any form of bank account they own.Ê
Can the bank legally take money from a joint bank account?
If it is a joint account yes. If that persons Social Security number is tied to that account it can be taken. If they are taking it for a lien or garnishment the best solution is to close the account and open it in one name only. The name of the person not being garnished.
Can bank account five dollars or less be garnished?
Can bank account five dollars or less be garnished?Read more: Can_bank_account_five_dollars_or_less_be_garnished
Can money be garnished from your business bank account for a shortage on foreclosure?
Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.
Can my bank account be garnished?
Yea. But I think if you have another persions name on it a co owner, they can't bother it. Yes, your bank account can be garnished if you owe child support.
Can a joint marital bank account be garnished?
Yes. The very rare exception is if the married couple reside in a state that allows the account to be held as Tenancy By The Entirety and only one spouse is the debtor.
Can a wife's bank account be garnished because of a judgment against her husband for an unpaid debt in his name?
Generally they can't garnish your account for a debt in your husbands name only unless he also uses your account - as in a joint account or his pay is deposited in the account.
Can childsupport payments be garnished from girlfriends pay check if the father is not working?
Probably not. The girlfriend is not responsible for payment. However if you have a joint account then the payments may be seized from the bank.
What is the difference between a joint account and a beneficiary to a bank account?
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
Can a bank account be garnished for auto default?
Depends on the laws in your state.
Can your bank account for salary be garnished for hospital bills?
If they get a judgement, yes
