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If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Can a joint bank account be levied in Pennsylvania?
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
Bank levy on a joint account?
A judgment creditor might be able to levy against a joint account where only one account holder is the debtor. It really depends how the bank account is held and the state laws pertaining to such. One example, joint marital bank accounts held in community property states are subject to levy even if only one spouse is the named debtor.
I have a joint account with my mother and father upon their death can i withdraw the funds?
Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.
If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
What are some banks in Canada that offer joint bank accounts?
Some banks in Canada that offer joint bank accounts are: TD Canada Trust, Scotiabank, BMO (Bank of Montreal), ING Direct, and President's Choice Financial.
Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
What is the probate law in South Carolina on joint bank accounts?
there is only certain things that probate law covers and joint bank accounts are not one. Non-probate property includes, among other things, jointly owned bank accounts, life insurance and pension benefits.
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Can a joint bank account be levied in Pennsylvania?
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
Is it legal for a bank to take money out of your other accounts if it's a joint account is in the negative?
no
Are joint bank accts exempt?
Joint bank accounts are not inherently exempt from various legal or financial obligations. They may, however, have different implications regarding liability, ownership, and access compared to individual accounts, depending on the jurisdiction and the specific circumstances. For example, funds in a joint account may be subject to claims from creditors or in divorce proceedings. It's important to consult legal or financial professionals for guidance tailored to your situation.
What do balances do?
Accounts that are subject to bank service charges.
Bank levy on a joint account?
A judgment creditor might be able to levy against a joint account where only one account holder is the debtor. It really depends how the bank account is held and the state laws pertaining to such. One example, joint marital bank accounts held in community property states are subject to levy even if only one spouse is the named debtor.
Do you keep the bank accounts separate or joint after getting married?
Your option...nothing requires one or the other.
What do compensating balances represent?
Accounts that are subject to bank service charges.
