Joint Account Freeze Options

Ask Your Question For Free

Summary

A creditor can freeze a joint bank account in Texas due to a debt. Options to unfreeze include filing a motion to release, claiming exemptions for certain funds, or negotiating a settlement. Removing a co-account holder wont automatically unfreeze the account. If the debt is in one spouses name, you may argue that the other spouses funds should not be subject to the freeze. Consult a local attorney for personalized advice.

Full Conversation

A creditor froze mine and my husband's joint bank account in Texas. What are my options for unfreezing the account?
Hello ****,
In Texas, you can:
- File a motion to release the frozen account if you believe it was done in error.
- Claim exemptions if the funds are from sources like social security, disability, or retirement.
- Pay the debt or negotiate a settlement.
Remember, this is general legal information, and it would be best to consult a local attorney for personalized advice.
Would removing my husband from the accounts unfreeze them?
Removing your husband from the account will not automatically unfreeze them. The freeze is based on the debt owed, not the account holder. You'll need to resolve the debt or claim an exemption to unfreeze the accounts.
The debt is in my husband's name and social security number
Since the debt is in your husband's name, you may be able to argue that your portion of the funds in the account should not be subject to the freeze. However, Texas law may vary, so consulting with a local attorney is advisable.