Can a Bank Take Money Out a Checking Account Without Authirization Account Owner

[wilcal722]

My question involves collection proceedings in the State of: New York
had a car loan with Jp morgan chase bank, had to do a voluntary surrender, and then they sold the car and the amount that was left which was 16,000 was taken out of my wife's account without her knowledge or concent, question is that the car was only under my name not hers, she was the owner of bank account which is chase, i'm just co-owner of account, can i still get that money back and do monthly payments? or settle the account for less that the 16.000.

[jk]

i'm just co-owner of account,

that means the money in the account is yours just as much as it is your wife's.

a bank often has the right to a setoff of debt by taking from any accounts held in the same institution. You might want to read the account holders agreement.