STATE: CONNECTICUT

Interest Rate

• Legal: 8%
• Judgment: 10% (Unless otherwise contracted)

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 6
• Written Contract: 6
• Oral Contract: 3
• Sale of Goods (UCC): 4
• Domestic Judgment: 20/25
• Small Claims (less than > $3500) Judgment: 10/15
• Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)

Personal liability of signatory on corporate claims unless signed in corporate capacity. Liability of drawer, if no account, damages equal to lesser of $750 or face amount of check. For insufficient of funds, lesser of $400 or face amount of check.

GENERAL GARNISHMENT EXEMPTIONS

25% you may garnish disposable earnings each week, or 40 x fed. min hourly wage, which ever is less.