If I have a consumer loan that has gone into default (only in one person's name)....we are unable to reach the borrower after repeated attempts....and the borrower has a BUSINESS account (with only their name on it) with money in it, can we use it?

http://www.bankersonline.com/compliance/gurus_cmp081202l.html

State law probably governs this.

Great...thanks!

Is the deposit and the debt under the same name? If your business is a corp as an example, that is a different entity than John Doe, even though Doe owns the corp. I'm all for the golden rule, (he who owns the gold, controls the rules) but caution is necessary here.