From experience (as far as I know), if you are a joint holder of the frozen bank account, yes, they can garnish, but check your state statues because you may be exempt from garnishment.
Definately
yes both have equal rights to the money so one could easliy take out all the funds
Yes, if your wife is listed as a joint account holder, she can withdraw money from the joint account without needing your permission.
A bank can take money from an account through various methods such as fees, charges, withdrawals, or transfers authorized by the account holder.
A standing order or a direct debit allows money to be taken out of your account, as the account holder has authorised the transaction. A transaction that will continue until the account holder states otherwise and cancels any future automatic withdrawal payments.
No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious consequences.
No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious legal consequences.
Crediting an account means adding money or funds to it. This action increases the account holder's financial balance and can improve their financial status by increasing their available funds or assets.
Yes. A bank account can be levied by the judgment creditor even if the account is jointly held. If the account is joint and only one of the account holder's is the named judgment debtor, the non debtor account holder must submit proof to the court as to the amount of funds belonging to them in order to protect those funds from being seized. When it concerns such joint account the court will generally freeze the account and allow the non debtor a specified amount of time to claim his or her exempt funds that are in the account.
Yes. Any holder of the account is authorized to withdraw all of the funds in the account.
No. Nobody can do that unless they have a cheque signed by the account holder.
When an account is credited, it means that money is added to the account. This can happen through deposits, transfers, or other transactions. For the account holder, a credit increases their account balance, giving them more funds to use for purchases, investments, or savings.