question on childs bank account

unkelaaron

Junior Member

Bankruptcy Newbie

Joined: Feb 2011

Posts: 22

State: New Hampshire
#1

question on childs bank account

03-30-2011, 11:56 AM

Our 4 year old has a savings account. Just for his birthday money, etc.
My wife's name is on the account with him, but not mine. I am filing BK on my own. Is that account considered an asset in regards to the BK case?
thanks!
Tags: None
justbroke

Super Moderator

Bankruptcy Wizard

Joined: Jul 2008

Posts: 23287

State: Florida
#2

03-30-2011, 12:40 PM

New Hampshire is not a community property State so I see no problem. However, I would run this by my attorney to make sure that it won't be a problem.

Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog

Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
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