Yes they can..
Reason being… in most states Minors CANNOT have accounts on their own, they MUST be joint with their guardian.
If you are their guardian and you or your spouse’s name is on the account…they can take the money.
It keeps people from doing what you are thinking of doing…. transferring any money you have to somewhere else..
You cant do that because if you get caught you will go to jail for fraud…
EDIT FOR ADDITIONAL DETAIL— They still can take it unless you can prove that the money was given to the child by others, IE affadavits from grandparents, etc etc…
It really really sucks, I know…but that is the nature of the beast with bankruptcy.. it destroys you.. and everything around you…
If Filing Backruptcy Can They Take Money From Kids Savings Account?
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If your name or spouses name is anywhere on the account they can and will. Take it out and get a safe and put it in there.
No, unless you have used the kid’s names, etc. to hide money from creditors. Then you are in deep doodoo.
Yes, they can take money out of the account of a minor child.