Legal Question in Credit and Debt Law in Pennsylvania
frozen joint account with daughter frozen PA pension
My daughter is an authorized signor on my bank account where I deposit my pension every month. Yesterday a judgement was issued against all accounts with her soc attached. The judgement is for 13,000, but total monies frozen equal 36,000. Several questions, can they take my pension funds to cover her debt(to which I do not owe), also this judgement is from 1995, what is the statue of limitations on that? Any advice? My pension covers my mortgage, which is due now.
1 Answer from Attorneys
Re: frozen joint account with daughter frozen PA pension
The issue is whether or not your daughter is one of the named owners of the account. If she is just an authorized signer your account should not be affected. You may wish to contact your bank to verify the status of the account. You may also wish to have a seperate account to which your pension payments are deposited and your mortgage payment withdrawn. If there is a question of ownership you need to file exceptions to any sheriffs levy. Judgements are good for 5 years but may be revised and continue to be enforceable for 20 years. I offer free consultations.