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If your name is on any account or CD, it is an asset of your bankruptcy estate. If the money cannot be exempted, then it can be siezed by the Trustee. However, if these are funds that are held in a Trust or become yours only upon the death of the holder of the funds, then they may not be reachable by a Trustee. If the person dies within 6 months of your bankruptcy filing date, then the money will have to go to the Trustee.

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โˆ™ 2006-03-04 17:13:52
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Q: What happens to savings and CD accounts during bankruptcy that have your name on them if they belong to another person and you actually have not inherited them yet?
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Related questions

What is a another word for inherited?

Received.


Does having a bankruptcy dismissed restart the statute of limitation?

Having a bankruptcy dismissed does restart the statute of limitation on a bankruptcy. You will have to wait eight years to file another bankruptcy.


What is another name for temporary accounts?

Nominal accounts


Is Accounts receivable is the opposite of accounts payable?

Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company


Can I keep an inheritance property if I declare bankruptcy?

When filing chapter 7 bankruptcy there are statutory limits on inherited property. If the value of your property falls below those limits you may keep it. If it is over the limit you will likely lose the property to the trustees. Another option is to file Chapter 13 and you will be able to keep the property.


What is another word for an inherited characteristic?

trait


If your ex spouse files bankruptcy will the creditors come after you on the accounts that were joint accounts and will you need to file bankruptcy on those debts as well?

If they were joint accounts and are discharged, the creditors will come after you, unless your divorce decree makes your ex-spouse solely liable for them.If you are on the hook for them, you may file your own bankruptcy, but you cannot just list those debts. All debts that you owe must be listed in your bankruptcy schedules, or you may find yourself in trouble.Another PerspectiveYou must consult with an attorney who specializes in bankruptcy. A creditor may not be subject to a divorce decree. For example, a mortgage and note signed by both parties cannot be transferred to one party by a divorce decree where the lender is concerned. It owns the debt and if it isn't paid the lender can take possession of the property by foreclosure. Joint debts are a complicated area of law.


Does bankruptcy stop a summons?

Bankruptcy stops a summons if it is from a creditor. It will not stop a personal summons for another type of case.


Any class may be inherited by another class in the same package?

false sealed classes cannot be inherited


What is an organisms inherited appearance?

ACTUALLY IT IS PHENOTYPE BECAUSE THE QUESTION IS TALKING ABOUT INHERITED APPEARENCE NOT GENOTYPE BECAUSE GENOTYPE IS THE INHERITED COMBINATION OF ALLELES. evolution is the wrong answer the real answer is phenotype the appearance of they parents through generations- evolution i think you're wrong because phenotype is the organism's appearance, in another word what it look like. i think that the real answer is GENOTYPE because genotype inherited combination of alleles (your genes) actually, it is phenotype :) IT IS PHENOTYPE! I JUST DID HOMEWORK ON IT. Defiantly phenotype, I just did homework on it also


Can you relocate to another state if you file bankruptcy?

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What is another word for inherited?

a thing that they already know


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maybe like if your parents act one way and you act the same way youve inherited something from them like an attitude or maybe happiness or being a sweet person in general


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In most cases it will be sent to you by the bankruptcy court. If you need another copy or have not received your discharge papers when you believe you should have then contact the bankruptcy court to obtain them.


How long after a chapter 7 bankruptcy can you file another chapter 7in the state of Tennessee?

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If a bankruptcy was discharged on an account that was sold to another lender and the original creditor is marking it as a charge off should it be marked as bankruptcy by the original creditor?

Yes, this debt should have been marked as a bankruptcy by the original creditor. It cannot be changed from a bankruptcy to a discharge unless the bankruptcy did not go through.


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Hemophilia is one inherited defect in blood coagulation. Another is called von Willebrand's disease.


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You live in Evansville Indiana and with the new bankruptcy law how long do you have to take consolidation classes before you can file bankruptcy?

There are actually two classes you need to take. There is a credit counseling class that you must take within the 6 month period prior to filing for bankruptcy. You must also complete another financial management course within 45 afters after your Meeting of Creditors.


If you filed bankruptcy can you move to another state within 2 years?

Yes. Having a bankruptcy discharged does not mean you are under "house arrest".


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What is another word for Bankruptcy?

Synonyms for Bankrupt:BrokeDestituteDepleted


Can a out of state bankruptcy lawyer file in another state?

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