Joint Bank Account Questions
November 30th, 2011 by Questions
My spouse and I have a joint bank account we have historically used to deposit our paycheques and pay bills. The only debt to this bank is a line of credit that is well secured against the house that is in my wife’s names. Due to some business difficulties, I will likely have to go bankrupt in about six months. If we have money in the joint account when I file for bankruptcy will the trustee claim some or all of the money? Does simply removing my name from the joint account protect the money from my trustee? Is there a timing issue?
Posted from: Ontario