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What Funds Are Exempt From A Bank Execution in Connecticut?

Posted by Roderick Woods | Sep 01, 2019 | 0 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.

About the Author

Roderick Woods

A summa cum laude graduate of the State University of New York at New Paltz and a graduate of Albany Law School of Union University in Albany, New York, Attorney Roderick D. Woods represents individuals in a wide array of consumer litigation matters, including defending consumers in lawsuits filed by credit card companies and debt buyers, and representing individuals in actions brought under the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, as well as the Fair Credit Reporting Act.

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The Woods Law Firm, LLC represents clients throughout the state of Connecticut, including Hartford, Tolland, Putnam, New London, Middlesex, New Haven, Litchfield and Fairfield Counties.

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