Want this question answered?
Yes they can.
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
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.
No. Ownership of a a joint account passes automatically to the surviving joint owner unless it can be proven that the account was set up as joint for purposes of convenience only by the decedent.
Yes. That is one of the risks associated with having a joint account. Your creditor can attach the funds pursuant to a court judgment.
Yes they can.
In the state of North Carolina, it is very hard to seize a bank account. When an account is joint, it can not be seized unless the debt is the debt of both parties.
This may depend on the country your in, but I would suggest not. If the debt in question is a debt solely in your name, this will mean the other party on your joint account is not liable for your debt, so they cannot take funds from your joint account.
Well in Canada they cannot, unless it is a joint bank account or the family member co-signed for the loan.
In Texas, a collection agency can potentially levy a joint checking account, even if the debt was solely your spouse's prior to your marriage. Joint accounts are considered the assets of both account holders and are subject to collection efforts. It is advisable to consult with an attorney for specific legal advice regarding your situation.
Type your answer here... Yes, it is important to known position of the company...
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
A collection agency can take 100% of the money in your joint banking accounts, regardless of who deposited it. If the debt is owed, and there are assets in the name of the debtor, those assets are in jeopardy. It is not easy to hide these even by trying to shelter them in an account with someone else's name. If the asset exists, it will be found in most cases, and a collection agency that locates it will take all they can the first time they hit it.
the muscle that is attached to the knee joint is the HINGE
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
the knee joint.......i think