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Can a joint bank account held by two unmarried people be garnished in MA?
Wiki User
∙ 9y ago
Whether you're married or not a joint bank account can be garnished in MA. Garnishments are ordered on the individual's financial accounts and essentially can apply to any form of bank account they own.Ê
Wiki User
∙ 9y ago
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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.
How is a joint banking account of an unmarried couple in the state of Indiana liquidated when one joint account owner passes away?
The surviving joint owner is the sole owner of the account and can maintain it or close it. That is the reason for having a joint account.
In the State of Michigan can a joint checking account be garnished if only one person on the account has the judgment against them?
In Michigan, a joint checking account can potentially be garnished if one person on the account has a judgment against them. The funds in the account are typically seen as joint property, meaning they can be used to satisfy the debts of any account holder. However, there may be exceptions if the non-debtor can prove that the funds in the account are solely theirs. It is advisable to consult with a legal professional for specific advice regarding your situation.
Can a unmarried joint bank account be frozen if only one person is responsible fro the debt?
yes
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 the bank legally take money from a joint bank account?
If it is a joint account yes. If that persons Social Security number is tied to that account it can be taken. If they are taking it for a lien or garnishment the best solution is to close the account and open it in one name only. The name of the person not being garnished.
Can two unmarried people take title to property as joint tenants in Pennsylvania?
Yes.
What is the difference between a joint account and a beneficiary to a bank account?
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
Can a wife's bank account be garnished because of a judgment against her husband for an unpaid debt in his name?
Generally they can't garnish your account for a debt in your husbands name only unless he also uses your account - as in a joint account or his pay is deposited in the account.
What is an account opened by two people?
Joint account.
Can a joint marital bank account be garnished?
Yes. The very rare exception is if the married couple reside in a state that allows the account to be held as Tenancy By The Entirety and only one spouse is the debtor.
Can wages be garnished from a joint account when one party isn't involved with the debt in NJ and the state garnished wages from one party for child support the other party isn't involved in the case.?
Yes, you should open up a separate checking/savings account in just your name only.
