I have a joint checking account with my mom. IF I file for bankruptcy, will my creditors have a legal right to go after the other assets of my mother's beyond our joint checking account?
I'm over 21 by the way.
2006-10-13 16:59:02 · 8 answers · asked by Dalma S 2 in Business & Finance ➔ Personal Finance
justsyd, thanks. what you said makes perfect sense. so i guess i should rephrase: what if i cannot pay my bills, will my creditors have the right to go after my mom's assets beyond the joint checking account?
2006-10-13 17:05:58 · update #1
close the account before you file
2006-10-13 17:01:35 · answer #1 · answered by Classy Granny 7 · 1⤊ 0⤋
Well they will be able to go after the checking account, but that is it, unless you and your mother own things together.
2006-10-13 17:01:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You can be a signer and not an owner of an account... if you are an owner... yes they will... if you are a signer on her account they won't... as a owner you SS# is attached to that account and they may try and track doen your assets...
2006-10-13 17:27:00 · answer #3 · answered by Sandy 6 · 0⤊ 0⤋
If you file for bankruptcy your debts will be written off.
2006-10-13 17:02:09 · answer #4 · answered by Justsyd 7 · 1⤊ 0⤋
best option is, you and your mom close that account
open individual account in each person name, so you could protect your mom from any hassle she could face
2006-10-13 19:21:29 · answer #5 · answered by Hoa N 6 · 0⤊ 0⤋
No. As long as she didn't co-sign any loans, she's not liable for your debts.
2006-10-13 17:12:33 · answer #6 · answered by Jim H 3 · 0⤊ 0⤋
possibly
2006-10-13 17:01:53 · answer #7 · answered by ? 7 · 0⤊ 0⤋
that is VERY COMPLEX --- CLOSE THAT CHECKING ACCOUNT NOW -- BEFORE YOU FILE!!!!!
2006-10-13 17:11:15 · answer #8 · answered by Bama 5 · 0⤊ 0⤋