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    Clint Barnes's Avatar
    Clint Barnes Posts: 2, Reputation: 1
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    #1

    Jun 19, 2009, 05:49 PM
    Bank Account Attachment by creditor
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    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's Avatar
    Clint Barnes Posts: 2, Reputation: 1
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    #4

    Jun 19, 2009, 09:12 PM
    Quote Originally Posted by ScottGem View Post
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    Jun 20, 2009, 03:27 AM

    What Chuck said
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