Answers.com > Wiki Answers > Categories > Relationships > If your checking account is a joint account with your spouse and it has a negative balance and you file chapter seven what happens to your spouse?

If your checking account is a joint account with your spouse and it has a negative balance and you file chapter seven what happens to your spouse?

In: Relationships, Personal Finance, Banking, Money Management, Commercial Bank and Checking Accounts [Edit categories]

Answer:

Answer

She needs to get a checking account in her own name, which means that you both will need to put money into the joint account until it is at least a zero. If you stiff the bank, then it will not be possible for either of you to get a checking account anywhere until you pay the amount owed. As they say, "you don't want to go there."

First answer by Simplemary. Last edit by Simplemary. Contributor trust: 2548 [recommend contributor ]. Question popularity: 21 [recommend question].

[report abuse]

Can you answer these Relationships questions?

	What is the different between of relationship and function?	Answer it!
	What relationship did Tommy had with his father in young warriors novel?	Answer it!
	How do i petition for fiance my boyfriend if i am immigrant only?	Answer it!
	What is the relationship between continent and landforms?	Answer it!
	How do you tell if you are in love with a girl?	Answer it!

Relevant answers:

How can you you remove your spouse from joint accounts?
Normally that account would have to be closed along with any atm/debit cards attached to that account. On a joint checking account either person can close out the account and get the remaining money....
Is bank account joint if spouse not named on account?
No
Is it illegal to remove your spouse from joint checking account?
No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove...
Is a spouse entitled to a bank account if not on the account?
A spouse may open as many bank accounts as they wish. If, on the other hand, you are referring to a joint account; then there will have to be paperwork filled out adding the spouse to the account and...
What happens to bank accounts after a spouse dies?
Whose name was on the account? If it was a joint account, then the surviving owners of the account "inherit" the portion contributed by the deceased spouse. If only the name of the deceased was on...