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| Author: |
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Colleen |
| Date: |
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February 9, 2005 |
| Question: |
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Hi. I have declared bankruptcy, but my partner has not. One of the companies is now trying to come after my partner. Do they have to take him to court before they can garnishee wages, or freeze accounts? Can they freeze an account that is in both our names? Thanks.
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From: |
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Shane Brenneis, Alger & Associates Inc. |
| Date: |
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February 10, 2005 |
| Answer: |
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Unless the creditor pursuing you is the same bank as where you have your
account, all other creditors who have to sue your partner and get a
judgement before they could garnishee wages or freeze an account.
Any funds in a joint account are considered to be 50% each. Therefore,
they could take 1/2 the funds in the account should they place a
garnishee on the account.
Shane Brenneis
phone: (403) 296-2975
sbrenneis@alger.ca
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