What Creditors Can't Take in Connecticut
Money, home and vehicle exemptions that protect your property from creditors in Connecticut.
Short answer: No general dollar exemption for bank accounts. Exempt funds (such as Social Security or other benefits) keep their protection, and banks must protect electronically deposited exempt funds identified during a look-back period. Conn. Gen. Stat. §§ 52-367b(a), (c); 52-352b(18)
| Money protected in a bank account | No general dollar exemption for bank accounts. Exempt funds (such as Social Security or other benefits) keep their protection, and banks must protect electronically deposited exempt funds identified during a look-back period. A debtor may also apply the $1,000 'any property' exemption to money in an account. |
|---|---|
| Homestead exemption | $250,000 in equity (fair market value minus liens) in the debtor's homestead. The limit is $75,000 for judgments arising from sexual abuse or exploitation of a minor, sexual assault, or other willful, wanton or reckless misconduct. Raised from $75,000 by P.A. 21-161, for bankruptcy and postjudgment proceedings started on or after October 1, 2021. Source: Conn. Gen. Stat. § 52-352b(21) |
| Vehicle exemption | Up to two motor vehicles, up to $7,000 in combined equity (fair market value minus liens and security interests). Raised from one vehicle worth $3,500 by P.A. 21-161. Source: Conn. Gen. Stat. § 52-352b(10) |
Where to get help in Connecticut
- Connecticut Department of Banking, Consumer Credit Division (licenses consumer collection agencies and enforces creditor collection rules)
- File a complaint or claim
More Connecticut debt & collections
- Statute of Limitations on Debt in Connecticut
- Wage Garnishment in Connecticut
- How to Respond to a Debt Collection Lawsuit in Connecticut
- Medical Debt Protections in Connecticut
- All Connecticut debt & collections rules
FAQ
How much money in a bank account is protected from creditors in Connecticut?
No general dollar exemption for bank accounts. Exempt funds (such as Social Security or other benefits) keep their protection, and banks must protect electronically deposited exempt funds identified during a look-back period. A debtor may also apply the $1,000 'any property' exemption to money in an account.
What is the homestead exemption in Connecticut?
$250,000 in equity (fair market value minus liens) in the debtor's homestead. The limit is $75,000 for judgments arising from sexual abuse or exploitation of a minor, sexual assault, or other willful, wanton or reckless misconduct.
Can a creditor take my car in Connecticut?
Up to two motor vehicles, up to $7,000 in combined equity (fair market value minus liens and security interests).
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.