If being sued for a debt, can a creditor go after assets held jointly by a non-spouse?
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If being sued for a debt, can a creditor go after assets held jointly by a non-spouse?
Asked on September 24, 2012 under Bankruptcy Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Yes, the creditor can go after that portion of the joint assets which is owned by the debtor. In the terms of, for example, real estate owned 50-50 by two people, the creditor could go after half the value of the real estate; in terms of a joint bank account, after that portion deposit or otherwise belonging to the debtor; etc.
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