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3/23/11, 6:52 pm

Legal Question

if a am a co account holder on my sons checking account, he files bankruptcy, am i liable for any outstanding balance on the account? thanks in advance

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You might be in some circumstances. It would be best to not have an overdraft on such an account. You should ask a ban...

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Answered By:

David Otto

You may have agreed in writing when the account was opened to be jointly liable to the bank for overdrafts or other char...

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Answered By:

Paul Malikowski

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