I'm being sued by Bank One, no judgement yet. Its my understanding they can freeze any bank accounts I have, if judgment is done. My name is not on my In-Laws banking accounts however I am authorize to sign with my name on their checks for their banking needs. They had all their children & spouses given this capability. I do not remember if my SS # was given.

As long as your name and SIN # are not on their account as jointly useable, they are safe. Double check at their bank to see if there is any indication of your name on their account. The bank would have to know, or have been advised that you have that capability otherwise you could not do it.

tick

Hello w:

If the account is not YOUR account, they can't seize it.

excon

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Originally Posted by winter72

I'm being sued by Bank One, no judgement yet. Its my understanding they can freeze any bank accounts I have, if judgment is done. My name is not on my In-Laws banking accounts however I am authorize to sign with my name on their checks for their banking needs. They had all their children & spouses given this capability. I do not remember if my SS # was given.

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And what is your question?

"My name is not on my In-Laws banking accounts however I am authorize to sign with my name on their checks " this is a contradictory statement. If you are on a list of names as authorized signers then you are named. What am I missing and what exactly do you need to know?

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Originally Posted by ballengerb1

"My name is not on my In-Laws banking accounts however I am authorize to sign with my name on their checks " this is a contradictory statement. If you are on a list of names as authorized signers then you are named. What am I missing and what exactly do you need to know?

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I filed my answer to the courts & Atty ofc. The Atty ofc that is suing me has sent me documentation showing my signature, when I opened the credit card & the last statement I paid, & balance due. Which was 41/2 yrs ago(I think Indiana's out-of statue is 7 yrs). They are wanting to settle, however the business I started has failed & I have no income. My husband won't pay since this was my debt & not his in any way. I have not responded to their request for settlement which is due no later than a couple days. I'm not sure what will occur after this, but I know they can freeze your assests. So my question is, my In-laws bank account shows both their names on the statement & checks. However if they need me to write a check for them to pay bills I am allowed to do that. I need to know if judgment is made will they have legal access to my In-law's account. I do not know if at the time if my SS # was given. This is not $ & have no right to it. How do the atty's find this information?

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Originally Posted by winter72

I need to know if judgment is made will they have legal access to my In-law's account. I do not know if at the time if my SS # was given. This is not $ & have no right to it. How do the atty's find this information?

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Hello again, w:

I understood what you were asking, and I understood what the situation is... I also had a question mark appear in my head when ballenger said what he did. He ain't no dummy. So, I'm going to CHANGE my advice. Although, I STILL think your in laws account will be safe from seizure, the only way to make ABSOLUTELY sure, is to have you removed entirely from their accounts.

Let one of the other siblings write checks for them.

excon

For heavens sake everyone, she needs to know if her in laws account can be seized because she is authorized to sign checks. Because if her name is attached to their account in any way, their account would be in jeopardy. OP needs to have her name entirely removed from that account.

Tick

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Originally Posted by winter72

. How do the atty's find this information?

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Hi winter, the attorney's for the collection agency (it won't be the actual credit card company) are not infallible and do not have crystal balls, this I know for sure. Some are not even attorney's (I know that for sure too). They can't access your personal information for the moment but can after the judgment is awarded to them because they have the court's assistance. Just get your name removed from your in-laws accounts immediately.

Good luck.

Tick

Thanks Excon, I think. The law will look at this account and see the OP could put money in and out, has full access and control. Taking name off the account at this time may be a good idea but is spitting into the wind. A good forensic accountant will find that when the suit was filed the name was on the account, so it sticks. It may be safer for the in-laws to close out this account for now and sit tight.

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Originally Posted by ballengerb1

Thanks Excon, I think. The law will lokk at this account and see the OP could put money in and out, has full access and control. Taking name off the account at this time may be a good idea but is spitting into the wind. A good forensic accountant will find that when the suit was filed the name was on the account, so it sticks. It may be safer for the in-laws to close out this account for now and sit tight.

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Forensic accountants cost money, too much money. Credit collection agencies don't use them. They are pretty basic as far as collection goes, and after they are awarded a judgment, then they just go for the jugular. OP has already stated her husband won't bail her out because it is her debt. I say that she do immediately what I suggested, remove herself entirely from the in-laws account before she has a judgment passed on her. Even before the judgment she will be given an option of pay up, and unfortunately the pay up is interest accrued, that is the kicker.

Tick

This is not a collection agency, its Bank One, they do this day in and day out and have their own staff accountants. It is big business for them and they know how to track accounts. If they could not track back to this account there would be no reason to post this question to begin with.

I was only a signer on my uncle's checking account, but the bank considered me a part owner, even though my name was not printed on the checks or listed in their records as co-owner of the account.

I say, get your name off their account.

I say it depends on how the OP got the ability to sign checks.

If it's a Power of Attorney, no, she is NOT the account holder.

If she's a co-signator, yes, she IS the account holder.

Only OP knows - and, yes, B/A has a collection department which does nothing else... but collect and is very, very good at it.

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Originally Posted by JudyKayTee

B/A has a collection department which does nothing else ... but collect and is very, very good at it.

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Thanks for the input Judy, we don't have banks like this in Canada, as you know. I did look them up on Google after it was mentioned by Bellanger, but it didn't mean much to me. I couldn't fathom a lending bank having them much clout actually. I know about the forensics aspect, but only know here there are certain IT consultants who are paid very well for performing that function. My son's friend does that for a living and gets paid very well for his expertise.

Tick