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Can creditors garnish a joint savings account you had with your deceased mother?
Wiki User
∙ 8y ago
Maybe. It depends on how the account is set up and the laws of your state of residency that governs creditor judgment actions. It also would depend on whether or not the amount in the account that was your mother's was probated according to state law.
Wiki User
∙ 8y ago
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Can Husband of a deceased owner of US Savings Bond deposit it to their bank account?
The estate will have to cash the savings bond in and then distribute the earnings.
How much savings are you allowed to keep after filing chapter 7?
it depends on your state exemptions and what you mean by savings... for example, some states provide for 150$ of a bank account to be exempt, meaning everything else will become part of the bankruptcy estate to repay creditors.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
Can creditors garnish my savings account?
Yes
Can creditors garnish joint savings accounts if one party on the account is not named in lawsuit?
In most states, creditors can garnish any account joint or not as long as the person they are trying to collect from is on that account. Sorry. The non debtor account holder should supply proof of the amount of funds held in the account that belongs to them. The court will then decide which funds are subject to levy. An exception to the levy of joint accounts is if the account is held by a married couple in a state that recognizes Tenancy By The Entirety of personal property, in such a case, the account cannot be levied when only one spouse is the debtor.
Can Husband of a deceased owner of US Savings Bond deposit it to their bank account?
The estate will have to cash the savings bond in and then distribute the earnings.
Can creditor garnish your children saving accounts?
A court can order the garnishment of any account associated with your Social Security number, including your children's savings accounts. You can petition the court to have savings accounts excluded.
Who are sundry creditors?
Those who are members of a Cooperative Society was told that unclaimed dividened of their savings during the annual AGM will classify as Sundry Creditors and shall not be allowed to accumulate the dividened out into their account. Is this the right term to use?
Can you change a savings account to joint account?
You may be able to add someone to your savings account ..contact the bank where you have the savings account for details
Can a US bank freeze a checking or savings account when a person dies?
Most states requre that the probate courts be allowed to investigate all of the finances of the deceased.
Would you use savings money to pay off debts?
It depends on how much I have in savings. If I only have $100 and I have to pay $1000 to my creditors, I would still have $0. I would try to save a little bit from each paycheck and whatever I think it is a certain amount to lose then I will have a big savings account
Can you declare bankruptcy if you have retirement account and savings account?
Yes, you can file a Bankruptcy if you have a retirement account. Most retirement accounts are not considered to be part of the bankruptcy state, and are out of the creditors' reach. This includes traditional 401(ks), IRAs, government retirement accounts such as CalSTRS and more.
Is there a monthly service charge to have an Eggs Savings account?
No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.
How much savings are you allowed to keep after filing chapter 7?
it depends on your state exemptions and what you mean by savings... for example, some states provide for 150$ of a bank account to be exempt, meaning everything else will become part of the bankruptcy estate to repay creditors.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
