Legal Question in Credit and Debt Law in Virginia
Are bank accounts held jointly in Virginia Bank barred from creditor action if one one spouse owes on a debt?
Asked on 2/01/11, 7:52 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, unless title to the accounts are held under what is called Joint Tenants By
The Entireties. (The bank should have a form which the joint account holders
can fill out to confer title to the funds in these accounts in this manner.)
Answered on 2/02/11, 8:37 am