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Can a joint account be seized?

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    Can a joint account be seized?

    I have a credit card that was charged off and I was sued. The CC company got a default judgment.

    I do not work, but my husband does. We (stupidly) had a joint account that was seized. All of the funds came from his paycheck, which can be easily proven (the balance was $0 and then he cashed and deposited his paycheck).

    The entire balance was seized, but I can't find any information specifcially for my state (Colorado, NOT a community property state) that can tell me if he has a claim to half of that amount or not. I've even read that some states will say that 75% of that is exempt because it was wages, but again, I can't tell if that applies to this account.

    We've gotten an account only in DH's name and will avoid the problem in the future, but I'd like to get even half of that money back if possible...I'm just not sure of where to look or how to proceed. Can anyone help?

    #2
    Unfortunately it was a joint account - your name/SS on it. That you're not working and therefore not depositing any funds into that account does not matter.

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      #3
      Originally posted by magyar123 View Post
      Unfortunately it was a joint account - your name/SS on it. That you're not working and therefore not depositing any funds into that account does not matter.
      What about the states that say each owner only really owns half of the funds? I keep seeing this referenced, but can't find anything to back it up. (Maybe there's a reason for that...)

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        #4
        Originally posted by ivytree31 View Post
        What about the states that say each owner only really owns half of the funds? I keep seeing this referenced, but can't find anything to back it up. (Maybe there's a reason for that...)
        Those would be community property states.

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