A topic that is not known enough, still vital, are the implications of the joint-ownership in bank savings products. There are several drawbacks with which we can find if we put our money at the disposal of another person. In these times that run, a potential problem to consider is the embargo on our accounts per share with a delinquent, unaware of his condition. These last years are being very hard economically speaking, many people can not be responsible for payments and this brings much work to recover the debts to Treasury and other potential creditors. The seizure of accounts is a hot topic in financial institutions; It is the way the State, among others, has collect debts. Now, it can the State copper which is not yours, but ours be? This would be the case share an account or a deposit with a co-holder who come you over an embargo. This may be due to unpaid taxes and fines, that does not necessarily imply a personal situation of bankruptcy, but if It can lead to the embargo (not cash) of an account balance, which is the first thing that overwhelms the tax agency.
However bank accounts where an individual collect an unpaid debt to the IRS, it will claim the amount of the credit more corresponding constraints (surcharge that applies as a result of the delay in payments). After half a month from the date of notification, the tax agency will the embargo of goods and rights in sufficient quantity to cover the desired credit amount and the surcharge this accumulated to date. The order to be followed will be: cash or money in accounts opened in entities of deposit. Credits, effects, on the spot or short-term realizable rights and values.