What Funds Are Exempt in a Bank Execution?

What Funds Are Exempt in a Bank Execution?

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. This can can into a nightmare very quickly.

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 for a free consultation.

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