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Resulting Trust Bankruptcy - Co-signers on Accounts or Loans Video

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http://LaniganPL.com (Winter Park, Florida) bankruptcy attorney Eric Lanigan talks about what happens when co-signers on bank accounts, co-signers on autos, co-signers on loans can quickly become involve in a bankruptcy that is filed by one of the parties.

Assets, interest, funds may not be involved by one of the parties, however, bankruptcy is filed in Florida that unintentionally and quickly involves the other party. People forget about the loans, accounts and cars when the payments have been made on time and paid off. However, a relative or friend can have their claim in co-account affected and attached in a bankruptcy.

There may be a shared account that one party has never deposited or even withdrawn funds from. The bankruptcy filing party may not even know the bank account number or the car loan number. However, when bankruptcy is filed, even if an item or account has inadvertently been forgotten, the account that has co-signer who files bankruptcy, will quickly come into question.

There are accounts that trustees will want to access and that they can access if they so choose to attach in a bankruptcy. Fighting this can become a sticky situation and it can become complicated if there are large amounts of money in an account that a trustee wants half of to pay off creditors in the bankruptcy.

There are situations where you may lose the money to a trustee if you don't have an attorney who knows or has the case reference and knowledge of this resulting trust bankruptcy.

If you're involved in defending an account, a car, a piece of property from a bankruptcy trustee, consult with bankruptcy attorney Eric Lanigan or Roddy Lanigan of Lanigan and Lanigan. Eric has 36 years of experience filing bankruptcy in Florida. The Lanigans can meet with you to discuss your bankruptcy situation. If you need to decide what to do or how to defend property against being taken in a bankruptcy, set an appointment with Eric Lanigan. Call 407-740-7379 and visit the website for further information. The office is located at 831 W. Morse Blvd., Winter Park, Florida.
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