Tuesday, December 13, 2011

Debt State Statutes in Connecticut


WAGE GARNISHMENT EXEMPTION: 25% of disposable earnings or 40 times the federal minimum hourly wage ($5.15), whichever is less.



MAXIMUM INTEREST RATE: Legal: 8% Judgment: 10%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit card): 6 years

Written Contract: 6 years (3 years if oral)

Domestic Judgment: 20 or 25 years

Small Claims Judgment: 10 or 15 years

Foreign Judgment: 20 years

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