Legal Question in Bankruptcy in New Jersey
will I lose my money or home?
My son has filed bankruptcy and he is a cosigner on my checking account. Will I lose my money and my home? I am 72.
Asked on 11/09/07, 10:21 pm
1 Answer from Attorneys
Glenn Brown
Real World Law, P.C.
Re: will I lose my money or home?
This is one of the many reasons I advise people not to put their children's name on their house or account.
Close the account. Open a new account without his name and put your money their.
If you need someone to do your banking have an attorney draft a power of attorney for that purpose.
If your sons name is not on your home it will not be involved in the bankruptcy.
Good luck to you.
Answered on 11/10/07, 3:54 pm
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