Commercial Bank and Checking Accounts
What happens to a checking account with two signers when the funds are Social Security income belonging to the mother and the daughter files bankruptcy?
Wiki User
April 20, 2005 11:17PM
All Social Security Benefits are exempt from bankruptcy proceedings. If the daughter has no monies in the account then the account will not be a part of the BK. However if funds were commingled there could possibly be a problem with determining ownership amounts.
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