I signed for my son to get a car when he was 17. That was 20 years ago. Now my boyfriend's savings account has a hold on it. My name is on it, but it's not my money. My name is just there in case I needed to pay a bill for him. What do I do?

Apparently there's a judgment against you?

If your name is on the account it IS legally your money.

If the money was seized to pay a Judgment there is nothing you can do except, of course, pursuing your son for not making the payments.

Ok, you signed for a car 17 years ago. I will assume he did no pay for the car and someone sued and got a judgement against you and your son.

You have your son or you pay for all of the debt that should have been paid. He will have to go to court and prove the debt is not his and prove that all the money in the account is his, not yours.

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Originally Posted by Fr_Chuck

Ok, you signed for a car 17 years ago. I will assume he did no pay for the car and someone sued and got a judgement against you and your son.

You have your son or you pay for all of the debt that should have been paid. He will have to go to court and prove the debt is not his and prove that all the money in the account is his, not yours.

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It's the boyfriend's account that the money was taken from if I understand this correctly. Unless the boyfriend's funds are somehow protected (SS) her name is on the account and it's joint money. It can be seized if either one of them has a Judgment.

I believe it's comingled and no Court is going to sit through proof of what was deposited and how it was spent.

Or am I missing something?

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Originally Posted by JudyKayTee

I believe it's comingled and no Court is going to sit through proof of what was deposited and how it was spent.

Or am I missing something?

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If they can show that all deposits were made by the boyfriend, they might get relief. But if there are any commingled funds they are stuck.