My name on my parent's accounts

[backtoschool]

If your name in on the account, and it is a personal bank account then a portion of the account (probably half unless there are more than two people on the account) will become part of the bankruptcy estate in a chapter 7. In a chapter 13, the account could be protected from liquidation.

[ssmdem]

What ever happened with this? I have the same problem. My name is on my parents' account, and my husband is on his dad's account. Did you ever get an answer?

[ItIsWhatItIs]

My parents have their estate in a trust. But they have 2 checking accounts that have about $30,000 in the two accounts. This is money that my parents use for day to day expenses. My name is on these accounts as a signer. I have paid my parents bill a few years ago when they traveled and they kept my name on the accounts in case something happened to them and the money needed quick access. I have never paid my own bills from their accounts and this money is not mine. I am going to file BK, I think 7. My parents and I are very concerned that their money will be at risk. My dad wanted to remove my name from the accounts, but the attorney that I retained told me not to do anything right now to raise a red flag. He said that he is going to look into it (I just retained him 2 days ago). He said that he may have me remove my name and then wait 60 days to file. I would love any input that any of you could give me. I am afraid that my Dad is not sleeping over this, and I am also very concerned! Thanks so much!!!