Legal Question in Credit and Debt Law in Texas

JUdgements and Joint Acoounts

If a mortgage company wins a judgement for payment on a foreclosure or a credit company, can they sieze or garnish wages from a joint bank account involving an innocent third party? My new girlfriend has an account with me now, so can they take money from a bank account with both of our names on it?


Asked on 4/16/03, 11:42 am

2 Answers from Attorneys
Basil Hoyl Law office of Basil Hoyl

Re: JUdgements and Joint Acoounts

If you have a judgment against you, it would not be a good idea to keep money in a bank. Your girlfriend would not be well advised to keep her money in an account with your name on it where there is a judgement against you. Even if she tries to prove some of that money is hers, there could be a great delay and a good deal of trouble.

http://www.reasonable-doubt.com

Read more
Answered on 4/16/03, 12:08 pm
Peter Bradie Bradie, Bradie & Bradie

Re: JUdgements and Joint Acoounts

You bet! So long as the judgment debtor's name is on the account, it can be garnisheed.

Read more
Answered on 4/16/03, 4:52 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas