Redundant Red Tape: Let's Fix Procedure for the Prejudgment Remedy
There's no doubting the usefulness of prejudgment remedies under Connecticut law. For commercial creditors in particular, a properly executed waiver…
June 10, 2024 at 05:46 PM
5 minute read
CommentaryThere's no doubting the usefulness of prejudgment remedies under Connecticut law. For commercial creditors in particular, a properly executed waiver can lead directly to an attachment of a debtor's property without a hearing. For others, prejudgment remedies when timely heard can prevent bank accounts being emptied or real estate being encumbered. This means judgment creditors don't need to clog the courts with claims about fraudulent transfers during the long haul between filing a lawsuit and winning a judgment. But the process of getting them is dated and should be reformed.
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