Legal Question in Credit and Debt Law in Colorado
Joint Bank Account
I am listed on my Mothers checking account, so if she is disabled I can pay her bills. She has added my brother to the account and he has a history of going bankrupt. Can a creditor collect any funds from my personal accounts, since we both are on my Mom's ?
2 Answers from Attorneys
Re: Joint Bank Account
A creditor of whom? By personal account, do you mean a bank account solely in your own name?
Re: Joint Bank Account
An account jointly held by your mother, your
brother, and yourself could be the subject of a levy(attachment)by a creditor who was owed money
by your brother.
An account held solely in your name (and not jointly held with any other person, including
your brother) would not be subject to such attachment----unless you, personally, owed the
money to the creditor and proper legal procedure was followed.
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