What If . . . ?

[leelee]

I recently surrendered a vehicle for repossession.

My grandma has some of her $ listed under my name (in CDs) --not my money -her money) at bank XYZ.

The car loan was also with XYZ....

Is it possible that they may discover that $ (due to being the same institution), and 'take that money' due to being the same bank.

The way it's listed is : my name OR her name OR daughter's name (all three names listed) ... but, my name is first.

P l e a s e H e l p . . . . thank you ...

leelee

[lrprn]

Let's see if I understand your situation correctly....
*Your grandma has certificates of deposit (CDs) in the same bank that financed your car that you just surrendered.
*Your grandma put your name on some of her CDs as a co-owner even though the money that created the CDs wasn't yours.
*You are worried now that the bank could take your portion of those CDs with your name attached to pay off part of your defaulted car loan.

Is this right?

[AMISLANDER]

Have you filed bk yet?

[debtisbad]

Get your name off grandma's account.

[leelee]

Unacceptable . .

Taking names off any assets is unacceptable . . .

This income would be exempted...

[Spartan]

All they see is, 33% of the money is yours, and they may proceed to seize it.... Why do they care? It will be up to you to prove that the money is exempted or why they can't seize it. You may get it back, IF you can prove that is the case. But they may just shake the tree and see what falls out of it.....

[SinkingFast]

My name was on my Mom's accts. Always has been since my Dad died. I was on there in case I needed to pay bills for Mom when she's been sick. I've paid a few bills for her a couple of times she's been in the hospital over the years.

Our attny told me to take my name off Mom's accts before we filed. Our attny wanted to be sure the Trustee was not confused about who's money was in those accts.

[leelee]

The issue concerned about is the same institution . . .