Best Answer

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.

User Avatar

Wiki User

โˆ™ 2005-04-20 23:17:36
This answer is:
User Avatar
Study guides


22 cards

What if previous employer will not return a call for a reference

What information does a cardholder account profile include

How can you filter the list of transactions

Where would you look to find your available credit

See all cards
8 Reviews

Add your answer:

Earn +20 pts
Q: 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?
Write your answer...
Still have questions?
magnify glass
Related questions

If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?

It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.

Can a mother and daughter file bankruptcy jointly?

the answer is yes, Yes mother and daughter can file bankruptcy jointly and also you and your husband will file bankruptcy jointly is still accepted as long as its not same sex marriage.

What picture is on checks belonging to Henry Clay frick?

his daughter Martha who passed away at a young age

Should I write daughter's or daughters?

Daughter's means belonging to your one daughter. (possessive singular) Daughters means you're talking about more than one daughter. (plural) If you want to show something belongs to more than one daughter, you use daughters'. (possessive plural)

Can your minor daughter get a job when she is receiving social security benefits?

yes she can

You are on mortgage loan with daughter who is going to file bankruptcy Can mortgage co come after you?

Yes, and you can bet they will. You need a lawyer as well!

If I am on social security and my daughter claims me. Will I get a stimulus coronavirus check 2020?


How do you say daughter in apache?

"Apache" is not the name of a single language but a whole range of related languages.In Chiricahua, the word for daughter is -yáchʼeʼIn Jicarilla the word is -zhácheʼe, but this can also refer to other female children belonging to aunts.

Can you give a vehicle to your daughter before you file bankruptcy?

yes you can but your gonna be more in debt and i know you don't want to deal with that joto

Who is the actress on the treadmill in the Brinks Home Security Treadmill commercial?

Jana Savage, my daughter.

Do your Social Security Disablities benefits go to your 27 year old daughter if you die?

Only if your daughter is a disabled person; if she qualifies for SSI now.

If you cosigned a car loan for your daughter and the car got repossessed do you both have to file for bankruptcy?

Having a car or other item repossessed does not mean anyone has to file for bankruptcy. Bankruptcy is to protect you from creditors and should be sought if you owe more than your net worth and have no reasonable prospect of being able to pay what you owe.

People also asked