My husband and I have a joint checking acct that his check is directly deposited into and that acct finances all of our household bills.
When it comes to credit accts such as credit cards, car loans and things like that, we keep totally seperate credit. Im responsible with paying my debt, he is not. It is my understanding that the 2 credit cards he has in his name have been sold. I imagine at some point he will be getting notice about a future judgement and possible freezing of the joint bank acct.
If I were to open a checking acct in my name only, and deposit his checks in there, would that prevent them from getting ahold of it since it would be in my name only? My name is not on the debt that he owes.
If his income is frozen in the bank,the mortgage cant be paid, groceries bought or anything else and though I don't condone him letting this situation get to where it is, I am worried about what will happen to my family when this money gets frozen/taken.
Another question I have is... I have a individual savings acct, in my name only, at a different bank. Will this be protected since his name has never been on it?