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Your joint account with your wife had been frozen due to a debt she owed Can your personal account be frozen too as a result of that?
Wiki User
∙ 9y ago
If a joint account with a wife had been frozen because of a debt she owed, a husband's personal account can also be frozen, but it depends on when the debt was acquired and who the money is owed to. A legal professional will be able to advise a person about the laws of their state as it may differ about community property laws.
Wiki User
∙ 9y ago
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Can a joint bank account be frozen by a judgment creditor?
A joint account can be frozen by a judgment creditor of one owner. That can cause not only an indeterminate period of inconvenience for the non-debtor owner but also may result in the loss of half of the funds in the account. You should not open a joint account with another person who has a history of debt problems. You can read more about frozen bank accounts in general at the link provided below.
Can your wife have your bank account frozen if it is your name only?
without knowing which country you are in I can not say yes or no, but..I am in a similar situation here in England. My marriage broke up in May. My wife took the joint account with her as it received her salary, and i maintained my own account. However, my wife decided to declare herself bankrupt and as a result, the joint account is frozen, my own personal account frozen, and furthermore an account in the names of myself and my mother also. So, essentially i think the answer is..yes, but, not directly. It depends upon how your wife behaves in respects of any accounts where your names as listed together
Can a person take out a personal loan from a joint account?
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
Does a joint account get frozen when one spouse dies?
Banks handle death in different ways. If your account is frozen, a death certificate will help resolve the issue and unfreeze your account.
In Pennsylvania can a joint bank account be frozen if there is only one debtor?
Yes.
If husband dies and has a joint bank account with wife is the account frozen on notification of husband death and does this apply to all EU countries?
From personal experience with a big UK bank, I csan say that our joint account wasn't frozen when my wife died. I don't know about the crest of the EU.
Can a joint bank account be frozen by a judgment creditor?
A joint account can be frozen by a judgment creditor of one owner. That can cause not only an indeterminate period of inconvenience for the non-debtor owner but also may result in the loss of half of the funds in the account. You should not open a joint account with another person who has a history of debt problems. You can read more about frozen bank accounts in general at the link provided below.
Can your wife have your bank account frozen if it is your name only?
without knowing which country you are in I can not say yes or no, but..I am in a similar situation here in England. My marriage broke up in May. My wife took the joint account with her as it received her salary, and i maintained my own account. However, my wife decided to declare herself bankrupt and as a result, the joint account is frozen, my own personal account frozen, and furthermore an account in the names of myself and my mother also. So, essentially i think the answer is..yes, but, not directly. It depends upon how your wife behaves in respects of any accounts where your names as listed together
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
Can a joint bank account be frozen in Missouri if one owner has a judgment against him?
yes a joint account in the bank cab be frozen if a person has a judgment against him. That account wth that number is frozen or the other partner will withdraw all the money.
Can a person take out a personal loan from a joint account?
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
Does a joint account get frozen when one spouse dies?
Banks handle death in different ways. If your account is frozen, a death certificate will help resolve the issue and unfreeze your account.
In Pennsylvania can a joint bank account be frozen if there is only one debtor?
Yes.
On a joint savings account and one person dies does all the money get frozen?
No. The account becomes the sole property of the survivor.
Can a unmarried joint bank account be frozen if only one person is responsible fro the debt?
yes
Can the lady friend of your just deceased uncle freeze his bank account?
If she is a joint account holder the account would now belong to her. If there is no joint account holder then the account would be legally frozen until an Administrator is appointed for your uncle's estate. Until then no one has any authority to access his bank account. You should make certain the bank has been notified of his death.
Can you freeze a bank account when the money does not belong to the account holder?
From experience (as far as I know), if you are a joint holder of the frozen bank account, yes, they can garnish, but check your state statues because you may be exempt from garnishment.
