Filing for Bankruptcy in Arizona with Multiple Bank Accounts? Know What Money Creditors Can Target

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It’s extremely common to have multiple names on a single bank account. Married couples do it all the time. Parents put their names on their children’s accounts. Domestic partners will often open joint accounts. Children will put their names on accounts for their aging parents. Usually, this is to provide the joint signer access to the money in case something happens to the primary owner.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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