What Funds Are Exempt From A Bank Execution in Connecticut?

Posted by Roderick WoodsSep 01, 20190 Comments

Once a creditor obtains a default judgment against you, there is a strong probability that it will attempt to remove funds from your bank account, leaving you without the ability to pay for necessary items such as rent, food, and utilities. Obviously, this can into a nightmare very quickly.  

Fortunately, there are a number of exemptions available under Connecticut law to protect some or all of the funds which you have in your checking or savings account.  

Connecticut law allows for a "wildcard exemption" which requires a creditor to return up to $1,000.00 of the funds that it has removed from the account. In addition to this exemption, there are a number of other statutory exemptions which potentially allow for the return of additional funds which have been removed.

When facing a situation involving a bank execution, acting quickly is imperative. Contact a skilled attorney at The Woods Law Firm, LLC today.