I have a 7 year old credit card debt - purchased by Elite Recovery - I sent them a letter saying they were trying to collect on a time-barred debt. They obviously got a judgement because today, they emptied my joint savings account (not enough money in the joint checking account). According to the bank, the order was only good for today - and have to be served again to remove more money. In the meantime, I contacted Elite to make payment arrangements - a 3,000 debt now blossomed to $8500. I requested terms in writing. I don't think there's anything I can do to Elite - I am unemployed, don't own any assets. My question is - can they touch my husband's business account - it's in his name.

Assuming your husband is not a joint holder of the debt, the collection agency should not be able to use his business account as recourse. However, I am concerned as to how your husband's operating agreement is written, more specifically, who it contains. On all business accounts, banks retain a copy of the operating agreement to determine who can legally conduct financial transactions on the business' behalf. If your are on the operating agreement, and therefore a partial owner of the business, the collection agency may be able to find recourse in the account.

We had a debt that was with one credit card and sold to another company. It went past the seven years and they finally took us to court and got a judgement and they garnished my husbands pay since it was in his name. They never went after our checking account money.

If the debt is yours solely and the account is in his name solely, then no.