Legal Question in Banking Law in New York

I am Going to try to explain this as clearly as I can & try to keep it brief... I have unpaid debts & cannot open an account (savings or checking) without the concern of My Money being seized. I have been out of work for an extended period of time (due to medical issues as well as issues finding suitable work). I want to get back on track & begin making money & setting up reasonable payment plans to pay down my debt. ( I do Not receive government benefits ) I have sustained by Help through Family & Friends.

I have found potential telecommute work & need to utilize an account for direct deposits to be made into; as this would be the way in which I would receive payment for assignments completed. I am considering (with assistance from My Daughter~She's 19) opening an online savings account in Her Name for this purpose. I want to make sure that this will not cause any issues . Is there any way in which this could negatively affect My Daughter or Myself?

I'm anxious to Begin working & get My Life back on track, while I feel I've found the answer for Me to obtain gainful employment (that I can manage even with My medical issues) I do not want to cause any problems for My Daughter by utilizing an account in Her name.

Please , I could Really use Your advice on this matter.


Asked on 1/15/14, 10:45 am

2 Answer from Attorneys
Anna feldman Law office of Anna Feldman

Sometimes even joint accounts can get seized by the bank in response to a restraining order. In which case you and your daughter will have to go to court and unfreeze the account. Perhaps debt settlement with your creditors or a bankruptcy could be some of the options for you to look into.

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Answered on 1/21/14, 3:52 am


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