http://cohnanddussi.com Litigation Law Firm | Boston, MA Wed, 18 Jan 2012 20:29:05 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://cohnanddussi.com/massachusetts-increases-the-exemptions-for-bank-attachments http://cohnanddussi.com/massachusetts-increases-the-exemptions-for-bank-attachments#comments Wed, 06 Jul 2011 17:35:41 +0000 wpadmin http://cohnanddussi.com/?p=302 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… Read more...

]]> 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 certified records of a trustee that the defendant has received an exemption that is not authorized or that the $2,500.00 exemption of the defendant has been in whole or in part exhausted or exceeded.”

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