View Full Version : Bank Account Attachment by creditor
 
 Clint Barnes
Jun 19, 2009, 05:49 PM
If I have a debt I am unable to pay can the creditor attach a corporation account connected to me by my social security number?  The corporation has a different name than mine and has no debt.  Thank you.
Clint
 ScottGem
Jun 19, 2009, 07:34 PM
If the account is in the corporate name it should be safe. However, if you used ytour SSN to open it there is a question whether it's a corporate account.
 Fr_Chuck
Jun 19, 2009, 07:47 PM
There is also a issue if you did not use correct accounting and keep your money and their money separate.  So as long as you did proper accounting that will not be a issue
 Clint Barnes
Jun 19, 2009, 09:12 PM
If the account is in the corporate name it should be safe. However, if you used ytour SSN to open it there is a question whether its a corporate account.
Scott I used an EIN number to open the account but the bank also has my SS# because they have also my personal account.  It's hard to maintain privacy because of all the laws governing banking.
 Fr_Chuck
Jun 19, 2009, 09:14 PM
You have to ask and check to see if there is any link or connection between your social security number and your account.
There should not be ( it is no a privacy issue)  it is a issue of legal requirements for bank accounts
 
But many find keeping their business and personal accounts in different banks 
 
On the CORP bank account, you should merely be a listed signer,  the COP is the owner of the account not you
 ScottGem
Jun 20, 2009, 03:27 AM
What Chuck said