Law Office of Lynnmarie A. Johnson | Lynnmarie Johnson
I think you are asking if they can take the money from the joint account. Yes, I have had many parents call and tell me that a child's creditor has emptied their account when the parent did't even know the child was having problems.
Answer Applies to: Michigan
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
Yes, the creditor can freeze the account and put the burden on you to prove who is entitled to what.
Answer Applies to: Indiana
Carballo Law Offices | Tony E. Carballo
Yes because the money belongs to both and since either co-owner can withdraw it then the creditor of one of the co-owners can do the same. It is not freezing it but having the money paid by the bank to the Sheriff who will send it to the judgment creditor. That is called a "levy" technically.
Answer Applies to: California
The Law Office of Marvin Wolf | Marvin Wolf
Since each depositor in a joint account is considered to have a right to the entire account, the answer is yes. If you can specifically trace some deposits, you may get around this - but this is hard to do. The freeze will apply to all new funds added to the account so you need to stop direct deposits. Disclaimer: Federal debt relief agent who files bankruptcies, when appropriate. General legal information and not advice - no attorney-client relationship is intended nor should be inferred.
Answer Applies to: New Jersey
Ashman Law Office | Glen Edward Ashman
Creditors don't "freeze" it. They file a garnishment on it, and yes, they can. Legally an account in two names can be totally seized. In letting things get that far, it means he has ALREADY lost a lawsuit. He should have hired counsel long ago to prevent this. If he quickly hires counsel now, there may still be options to get the money (such as filing Chapter 7 or 13).
Answer Applies to: Georgia