How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Comments

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

co-signer on bank account?

My son filed for bankruptcy, which included a little over 1000.00 in overdraft on his bank account. Years after he opened this account, I got a bank card, on his acct as he moved to the U.S. & I needed access to his acct to pay bills, for him, here in ontario. The bank know tells me that I am a co-signer on his bank acct so I must pay this debt.The bank mgr asked me when I called if the statement`s were addressed to both of us,& it`s only addressed in my son`s name. Also, my son asked me, why did the bank let him get the overdraft and not make me sign for that since they consider me a co-signer or this to be a joint account. Does the bank have the right to come after me?

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “co-signer on bank account?”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This all depends on what you have signed on. If you have signed a document with the bank that stipulates you are jointly liable for this amount then you are. If I were you I would ask the bank for something verifying that you are jointly liable and if they can demonstrate that you have done so, then the bank does have the right to come after you.