If I enter into a debt management scheme, can my father's accounts be frozen if my name is on them?
If you owe money and are sued, a court can allow funds you own to be taken to pay your debt. If you are a co-owner on your father's account, yes, those deposits can be taken.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If you owe money and are sued, a court can allow funds you own to be taken to pay your debt. If you are a co-owner on your father's account, yes, those 