Legal Question in Credit and Debt Law in Michigan

Debt collection- joint checking account

Can a bank freeze funds in a joint checking account, after an account holder dies, to collect on a bank loan? The loan only has the deceased account holder's name on it.


Asked on 12/22/07, 3:20 am

1 Answer from Attorneys
Francois Nabwangu Wright Cantrell PLLC

Re: Debt collection- joint checking account

Yes- If you let them- hire a lawyer. We have handled similar cases to a successful resolution.

Some information that is missing from your hypothetical: when did the deceased die? was an estate opened? was notice given to creditors at that time? Is the joint account holder a creditor? were there other obligations of the deceased? was it the joint account holder's money?

Yours truly,

Francois M. Nabwangu, Esq.

http://fnabwangu.googlepages.com

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Answered on 12/26/07, 7:00 pm


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