Whistleblower: Dad's debt ties up student's funds

  • Article by: Jane Friedmann
  • Updated: September 24, 2012 - 11:46 AM

With her father's name on the joint savings account, the money in it was fair game for any debt collector who was after him for funds.

  • 5
  • Comments

  • Results per page:
  • 1 - 5 of 5
george13Sep. 22, 1210:14 PM

So, Ms. James solved her own problem- why is this a "whistleblower" story? I don't get it.

5
8
suefranpatSep. 23, 1211:03 AM

George12 - it can be a whistleblower to notify any reader that they, too, could encounter this. A whistleblower story doesn't require that someone suffer unresolved harm. I think this is a great story and could help someone else who finds themselves in this situation.

10
2
george13Sep. 23, 12 1:11 PM

I never said anyone had to suffer unresolved harm, neither did I say it wasn't a great story. If it is to be a cautionary tale it should be presented more clearly as such and not as something needing the intervention of the Strib.

2
8
swmnguySep. 23, 12 7:52 PM

It's very much too bad that Ms. James' father doesn't seem to understand how his actions and circumstances can affect his daughter. Perhpas their being immigrants to the US, they aren't as familiar with how things work in our Finance system. I wouldn't have known for 100% sure that a joint parent/child account would work like this, but I would have had an inkling, and if I had judgments against me I'd have taken measures to safeguard my family members (It did in fact happen to me several decades ago, and I did make certain my issues couldn't affect others, and that other people's assets could not be taken in payment of my obligations, which I settled in due course).

So, parents and other relatives, make sure your issues don't impact others, and if you're getting into any kind of joint financial arrangement, make sure the other party is free and clear. Even if it's your dad. I'm reading stories of recent college graduates not being able to pay their student loans, and their parent's Social Security benefits are being garnished. As America's Finance system disintegrates, our country is turning into a nastier place than we'd like to think.

2
0
beavis38Sep. 23, 12 8:18 PM

What a terrible thing for dad to do. This judgement is pretty old now. It is time to pay it sir. It feels like we need to get a debtors prison going to get some peoples attention. There is no reason for things to go this far. Set up a payment plan with the collection agency. They take a small amount a month and you can keep your pride by paying what you owe. His daughter would then never had to go through all of this stress. Best of luck to you in school and life Ms. James.

4
0
  • 1 - 5 of 5

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT