If being sued for a debt, can a creditor go after assets held jointly by a non-spouse?

Get Legal Help Today

 Secured with SHA-256 Encryption

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 9 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.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption