Joint checking account

[Callie]

I haven't seen this question yet.

If one person files Chapter 7, and has a joint checking account with someone, how is that handled? Obviously, some of that money will belong to the person who is not filing. What if the other person continues to deposit money into that account? Just curious.

[edwards2]

good question...I would think a lot depends on what relationship is to the other depositer? If it is a spouse it would be free game for the trustee. Not sure if it is a friend, live-in, etc. I am sure a lawyer could tell you. Obviously, if it is simply a roommate could get a little sticky but I would think payroll records could separate the two. Still, sounds like a attorney-designed issue.

[FilingOnMyOwn]

Yeah this is a good example why joint anything is a bad idea. Joint accounts, joint tax returns, etc.