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Homestead Exemption
Last week I posted a video about the Homestead Exemption. Afterwards, lots of folks asked me if they qualify for it. In order to determine that, you first have to calculate your home equity. But how do you do that? It’s as easy as 1, 2, 3! 1. Determine your home’s value; 2. Add up...
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As of October 1st, the Connecticut Homestead Exemption goes from $75,000 to $250,000. This is the most significant change in the bankruptcy laws for decades! Watch the video below to learn more. In addition, Public Act 21-161 also increases the Connecticut Vehicle Exemption and creates a new exemption for the cash value of life insurance...
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House Bill No. 6466   Public Act No. 21-161     AN  ACT  CONCERNING  PROPERTY  THAT  IS  EXEMPT  FROM  A JUDGMENT CREDITOR. Be  it  enacted  by  the  Senate  and  House  of  Representatives  in  General Assembly convened:   Section 1. Section 52-352b of the general statutes is repealed and the following is substituted in lieu thereof...
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