Bank account advice
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Posted by curious
(68.102.28.104) on July 23, 2004 at 14:39:04:
Hello just found this board today and found it very helpful. I couldn't really find an old post that covered my topic so I hope you all don't mind me creating a new thread. My brother had a debt from a hospital stay several years back. The SOL has passed and the statement will be removed from his CR next year. His daughter is about to start college and has opened a checking account with her as the primary owner and him secondary. So here are my questions 1) Since the SOL has passed does he have to worry about the threat of litigation? Any special laws regaurding medical debt? 2) Should he remove his name from the account? His daughter will be getting financial aid which is distributed in lump sums every semester. I was thinking that having such a large amount of money in an account with his name also on it could attract the attention of CAs. Any validity to this thought? 3) Is it still necassary for him to keep a "low profile" in terms of credit and car purchases? 4) Lastly this is kind of a dumb question but, if this had led to litigation prior to the SOL he would surely know about it, correct? The whole issue arose because his insurance refused to pay and his lawyer told him to ignore all letters and phone calls. The said lawyer then dropped my brothers case. Leaving him pretty much up the creek. After this my brother still ignored all letters and phone calls. So bascially is it impossible to ignore litigation? I'm bascially trying to establish that my brother didn't toss out any notice of a lawsuit.
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