Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Thank you for your question.
Ultimately this will depend on your bank's policy. However, when there is more than one account holder or signatory to an account, each one grants to the other full power and authority to endorse for deposit to the account all checks, drafts or other instruments drawn or payable to the order of the other or to the order of both. Generally speaking, any or all of the joint owners can make deposits, withdrawals or close the account. So, you should not have a problem unless your bank or you Joint Check Agreement states otherwise.
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Thank you for providing the much-needed clarification. It is clear that I did not understand the question clearly, for which I apologize.
Even if you can provide evidence that one of the payees is bankrupt, a bank is not likely to take a check only endorsed by one party to the check. It is most likely that the bank will require you to have the check reissued.
I am sorry.