(Closed) FMIL caused my FI's bank account to be drained

posted 4 years ago in Money
Post # 46
Member
3095 posts
Sugar bee
  • Wedding: November 2017

sweetness09:  any update. Has his mom made any concrete plan/arrangements to pay him/ you back the $4,000?! Or is she back to avoiding texts and calls.  Did he close the account yet? 

Post # 48
Member
2375 posts
Buzzing bee
  • Wedding: June 2014

I used to work for a bank. He needs to call them, because there will be a case number and phone number assigned to the garnishment. Once he gets that info, he can have his attorney call them.

Unfortunately, the money is likely gone for good. With a joint account, both parties have full access to the funds, which means that either of them could have withdrawn the entirety of the money. It also means that it can be garnished for either party. And he’s also going to be responsible for the overdraft fees. Technically, they both are, but since she’s unlikely to pay it, and at this point, probably doesn’t care what it does to her credit, it’ll end up hurting him if he doesn’t pay. 

And finally, make sure that account actually gets closed. If it doesn’t, and further garnishments are made against it (yes, they can bring it negative with a garnishment),  he’ll again be equally responsible. 

Post # 49
Member
484 posts
Helper bee
  • Wedding: September 2016

sweetness09:  I know you’re already on top of this, but just want to reiterate that he needs to open a totally new account. If they totally wiped him out, their seizure order was bigger than what was in the account, which means she likely still owes money and more can be seized from the account. It seems crazy unlikely that the amount she owed was exactly the amount in the accounts they cleared. 

I’m sorry you’re dealing with this! Sending lots of support your way! 

Post # 50
Member
2001 posts
Buzzing bee
  • Wedding: October 2017

sounds awful! you poor thing!

Post # 51
Member
697 posts
Busy bee
  • Wedding: May 2012

If he allows this situation to continue while keeping his head in the sand, I would not marry him. It will be YOUR money she steals next. By keeping his head in the sand, I mean truly thinking his mother will pay him back, taking her word on everything, etc. It sounds like he may be taking steps himself and that’s good, but I absolutely would not allow my future to be determined by his reluctance to be “mean” to his mother.

Post # 52
Member
3332 posts
Sugar bee
  • Wedding: September 2017

I don’t think he needs anything from his mother – can’t he just take HIS name off that account? All he needs to do is open a new account, and transfer all incoming funds there. That way, if anything is still taken out of that account, his name isn’t on it – only Future Mother-In-Law.

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