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It all depends on the arangement betwen the pardners involved and on the legality of the arangement btween them
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∙ 10y ago
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What can a credit card company attach if a judgment is found in their favor?
Any assets you have such as property, automobiles, bank accounts or wages.
Can a bank freeze all your bank accounts?
Yes. The government can even freeze your offshore bank accounts if the money is illegal.
Are Bank customers are considered creditors?
It depends. Yes - If they have deposited money into their accounts held with the bank, they are called creditors No - If they do not have any money deposited in their account with the bank. Instead if they are loan customers they are called debtors (or people who owe a debt to the bank)
Are bank accounts safe during a foreclosure?
As to the foreclosure of a property itself...(presuming they don't have rents/deposits or such received from the property), generally not involved. From any of the other financial issues your probably dealing with, that may even be allied to the property foreclosure.....at risk.
Is money left in a bank account considered property?
Property is a term that is used to refer to immovable items like Land, Residential home, business buildings etc. Cash in a bank account is usually considered an asset but isnt termed as property. Even other investments like gold, diamonds etc are only referred to as assets and not as propery.
Are bank accounts or CD accounts of a deceased person considered personal property?
Yes, bank accounts are personal property.
Should i pay creditors that have filed against my father's estate from his bank accounts because their is no property?
Bank accounts are considered to be personal property and personal property is an asset of the estate. Creditors that file a claim against the estate are entitled to be paid from the assets of the decedent before any assets can be distributed to the heirs. They must be paid from any funds in a bank account owned by the decedent.
Is anything aquirred after your spouse moves out of the house considered separate property?
That depends on whose money (what bank accounts) are being used. If your using your personal bank account but the bank account still has funds from both parties in it-
Do you need letters of administration when no property is involved only bank accounts?
Access to the bank accounts require authorization. The letter of administration give them that right.
Is a commercial bank considered a public place?
No,,,,,,,, its considered private property in Canada
What is the probate law in South Carolina on joint bank accounts?
there is only certain things that probate law covers and joint bank accounts are not one. Non-probate property includes, among other things, jointly owned bank accounts, life insurance and pension benefits.
What is it called when creditor can take your money out of your bank?
Generally:Attachment for bank accounts and intangible assets.Seize property and tangible assets.Garnishment applies to wages. Judgment levy of a bank account.
Is cash found in the home of the decedent considered property and should go to the person that gets the residual property Or should it go to those beneficiaries that are splitting the bank accounts?
It should go into the estate to be distributed appropriately. The executor will submit the plan to the court for approval.
What are you allowed to do with your assets when you're in a lawsuit but a judgment hasn't been decided yet?
Nothing, any attempt to transfer or sell property will be considered fraudulent and the court will invalidate the action. This includes changing title to real property, closing bank accounts, selling or transferring assets such as stocks, bonds, etc. It does not include quitting a job to avoid garnishment nor continuing to spend income and/or money held in bank accounts.
Can heir property be taken for delinquent child support?
In general, no. However, there might be a lien on the deceased obligor's real or personal property (including bank accounts).
What can a credit card company attach if a judgment is found in their favor?
Any assets you have such as property, automobiles, bank accounts or wages.
What is difference between Number of bank accounts and bank account number?
Number of bank accounts is how many bank accounts and bank account number is the number that identifies the bank account.
