Massachusetts Increases the Exemptions for Bank Attachments
The Massachusetts Legislature has increased the bank account exemptions from $500.00 to $2,500.00 for bank account attachments. When a bank has been served a trustee summons, the bank may now only freeze any amounts in excess of $2,500.00. In the banks answer to the trustee summons, they are only to state the funds on hand that are in excess of the $2,500.00 exemption. An individual is only entitled to one exemption at a time. The statute provides that a “plaintiff may apply to the court for further attachments upon proof by...
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