Not without a court order. In most instances the only time a court would issue such an order would be in relation to child support arrearages. Even in cases where the husband removed funds from a joint marital account and opened an account with his sister using those funds, the wife would have to file a lawsuit to attempt to recover her portion, (attempt being the key word).
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.
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.
A bank account can only be "frozen" via a valid court order. Such action is generally taken by the account holder(s) not the judgment creditor. The reason being that the funds in the account are jointly held and one or more account holders are not the judgment debtor.
I thought this was illegal. How is the credit card company that is garnishing his wages supposed to collect their money when our account is frozen?
Bank accounts can only be "frozen" by a court order. A lender can request a court to take such action if it can be proven that the debt has plans to remove the funds from such accounts. Bank accounts can also be 'frozen' when they are jointly held so the non debtor account holder can provide documents to the court showing the portion of the funds in the account that belong to them and are exempt from a judgment creditor.
Mary Maloney killed her husband with a frozen leg of lamb.
Yes money can be deposited in account when frozen but cannot be taken out.
A frozen amount in a bank meant that the deposit you have in your account cannot be withdrawn as it is "frozen". One of the reasons why account is frozen is because of a court order.
If she overdrafts it you would be jointly liable for the overdraft. However you could have the account set up so that it would not allow an overdraft to occur. I presume you are offering to manage her money for her (because she is likely to have problems) if you do so you must ONLY use the money in the account for HER needs/benefit while she is alive. The advantage is that when she dies the account will not be frozen until probate because it is in your name too (the contents are still subject to probate but the account is not frozen on her death).
A judgment creditor can levy a bank account(s) held by the judgment debtor. An account can be frozen by the court when it appears that funds might be removed and/or transferred to avoid the judgment levy or to allow the judgment debtor to claim exempted funds in the account(S) or when the account is jointly held by a person who is not a judgment debtor. A joint account holder who is not a judgment debtor is required to present documents proving to the court the amount of funds that belong to them and which are not subject to a judgment levy. In some instances when an account is held jointly by a married couple and only one spouse is the named debtor the entire account will be exempted from a judgment creditor levy.
Yes, if you can show the court "just cause" for the funds in the account to be frozen.
A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned.