Joint Investment Accounts
October 24th, 2012 by Questions
I have approximately $170,000 in unsecured debts. Assets – I have $60,000 in home equity and I am on a joint investment account with my parent for $800,000.
I cannot afford the debt load and am not able to access the money from the investment account even though the parent is worth several million. A loan through the parent is not possible.
If I consider bankruptcy, would the court take money from the joint investment account which I cannot access without joint signing (which the parent is not willing to do)?
Posted from: Ontario