Judgements and checking accounts

Submitted by Anonymous (not verified) on Thu, 04/01/2010 - 20:21
Forums

Say my girlfriend and I have a shared account and I have judgements against me, Can they still take our money since the money is both of ours. Two different names on this account...

yes they can. Your girl friend needs to open a separate account. The law provides some protection for injured spouse, but NOTHING for girlfriends.

Thu, 04/01/2010 - 22:34 Permalink

Hi Guest,

Generally speaking, if you have a joint account along with your girlfriend, the creditor can take money from that account, if you owe him money. Still, you can check your state laws on garnishment. However, it's better to remove her name from this joint account, and open a new one in her name only.

Hope this helps.

Regards,

Aaron

Fri, 04/02/2010 - 07:00 Permalink