Algonac, MI Bankruptcy Law Firms & Lawyers

I can't say whether or not the Trustee will take the money without more information. Since the nature of a joint account is that each owner is entitled to all the money in the account, he would certainly have a claim. On the other hand, if the total of all 3 balances is within the sibling's exemption amount, and the debtor properly exempts it, then the Trustee can't touch it. Perhaps your sibling's lawyer would be willing to discuss the issue with you. In any case, you can always discuss it with your brother or sister. Good luck.

While your personal liability for a mortgage was discharged in the bankruptcy, the secured creditor still has a valid lien against the property. The underlying debt must be paid in the event that the property is refinanced or sold. That is the only way that the lien can be removed. This answer was provided as a public service to a question posed on the Law Q & A website. The answer is based on the information provided and is limited to those facts. Furthermore, the answer is based on California law and their application to bankruptcy law in California. Additional information could change the context of the question and materially change the answer.

School loans are not dischargeable, if you can borrow $50,000 and pay off the loans, then the whole thing would be discharged. But most people who can borrow $50,000 aren't interested in bankruptcy