0
Yes, unless it is a marital account held as Tenancy By The Entirety (TBE).
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
Can joint checking accounts held by persons who are not married be garnished?
Yes. A joint account held by persons who are not married nor related can be levied by a judgment creditor to the extent of the funds in the account that belong to the debtor.
Can a joint bank account be levied in Pennsylvania?
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
Can a joint bank account held as tenancy by the entirety be levied in NJ?
Can a brokerage account that holds assets be registered Tenants in Entirety.
Is a spouse responsible for debt incurred before the marriage?
No, not directly. Indirectly the non debtor spouse may find that he or she has a shared joint account levied or joint property encumbered by a judgment against the debtor spouse.
Member of joint account does what happens for survivorship?
When a joint owner dies their interest passes automatically to the surviving owner. The survivor is the sole owner of the account and can close it or make changes. For example the survivor can take the decedent's name off the new checks for the checking account.
Can a joint bank account in Florida be levied by New Jersey law if only one person is levied upon?
Not if it is a marital account held as Tenancy By The Entirety.
Can joint checking accounts held by persons who are not married be garnished?
Yes. A joint account held by persons who are not married nor related can be levied by a judgment creditor to the extent of the funds in the account that belong to the debtor.
In Florida can a creditor garnish wages?
In the majority of US states most bank accounts even those that are joint can be levied by a judgment creditor. The determining factor is how the account is established under the existing state laws. Joint marital accounts in states that are held in Tenancy By The Entirety cannot be levied when only one spouse is the debtor.
Can a joint bank account be levied in Pennsylvania?
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
Can a joint checking account be frozen if the account holders are not married?
yes it can..the banks does not care if it is a joint account or not and they do not care if you are married
Joint checking account do both have to sign check?
no
Who is considered the head of household regarding garnishment of a joint checking account shared by husband and wife in the State of Florida.?
How a judgment can be enforced on a joint marital bank or any joint account depends upon how the account is identified. The status of such will be noted in the original application for opening an account at the specified financial institution. In Florida bank accounts (savings and checking) belonging to a married couple are considered by default as held as Tenancy By The Entirety. This means both spouses are sole owners of the funds and one may do whatever they choose with such without the permission of the other spouse. It aslo means that if one spouse is the named judgment debtor the account cannot be levied by a judgment creditor. Please note, having such protection is automatic under banking law, but the account holder is responsible for notifying the court and supplying required documentation of the account(s) exemption from judgment attachment.
Can a joint bank account held as tenancy by the entirety be levied in NJ?
Can a brokerage account that holds assets be registered Tenants in Entirety.
What does acf mean on a joint checking or savings account?
acf
Can you get out of a joint checking account?
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
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.
