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What else can I help you with?
Your joint account with your wife had been frozen due to a debt she owed Can your personal account be frozen too as a result of that?
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.
Can a joint bank account be frozen by a judgment creditor?
A joint account can be frozen by a judgment creditor of one owner. That can cause not only an indeterminate period of inconvenience for the non-debtor owner but also may result in the loss of half of the funds in the account. You should not open a joint account with another person who has a history of debt problems. You can read more about frozen bank accounts in general at the link provided below.
Who pays taxes on a joint account?
Both account holders are responsible for paying taxes on a joint account. Each person's share of the income generated from the account is reported on their individual tax returns.
Who is the account holder of capitec?
Well, darling, the account holder of a Capitec account is typically the person whose name is on the account. It's usually the individual who opened the account and is responsible for managing it. So, if you're wondering who's in charge of that Capitec cash, it's most likely the person whose name is on the paperwork.
If you have a card being charged off is your spouse responsible for the debt?
She is only responsible if she is an actual joint account holder. Having a second card on the account does not make her liable for the debt. The person(s) making the original contract is the one who is the sole debtor
Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
Can a joint bank account be frozen in Missouri if one owner has a judgment against him?
yes a joint account in the bank cab be frozen if a person has a judgment against him. That account wth that number is frozen or the other partner will withdraw all the money.
Are checking accounts with more than one person on the account frozen when one person on the account dies?
It would normally be frozen until the deceased person's estate has been wound up. It's done simply to establish how much of the balance in the joint account belongs to the deceased person's estate. Once all the numbers have been crunched - the account is usually unfrozen.
In Illinois can a bank account be frozen if the person who filed bankruptcy is only an authorized signer or secondary user?
If they are only an authorized signer then the bank account will not be touched. If they are listed on the account as a user, it could be frozen at any time.
On a joint savings account and one person dies does all the money get frozen?
No. The account becomes the sole property of the survivor.
Your joint account with your wife had been frozen due to a debt she owed Can your personal account be frozen too as a result of that?
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.
If a person is added to someone's checking account are they both responsible for an overdraft?
yes both partys will be responsible
Do you have a spare neopets account?
No. No one does. Giving away or logging into someone elses account is against the rules and will result in all your accounts being frozen and all the accounts of the person who gave it you also being frozen.
Who or what is a bank account holder?
A person on whose name the bank account is opened is called the bank account holder. He is the one responsible for maintaining the account.
Can a permanently disabled person's bank account be frozen from a debtor?
Your accounts could be frozen or seized depending on the laws in that state but if you are collecting disability that money is exempt.
What is the name of the person whos name is on an account?
The person whose name is on an account is commonly referred to as the account holder. This individual is responsible for the account and its associated transactions. In the context of banking, the account holder may also be called a depositor or account owner.
Who is responsible for credit card debt after death?
The banks would like you to think that the person's family is responsible, but this is not true. The person who made the debt and who has no other person on the account is responsible. This means that a husband or children of the person who died does NOT inherit the debt unless it is a joint account. Your name has to be on the account to have them collect the debt. Otherwise you don't owe what the person left. However, the decedent's estate is responsible for paying their debts. If the decedent owned any assets at the time of death, their debts must be paid before any property can be distributed to the heirs.
