Articles & Advisories
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Prejudgment Remedy (PJR) Attachments in Connecticut: A Strategic Asset Protection Tool for Creditors
Overview of Connecticut Prejudgment Remedy Attachment Procedure In Connecticut, a prejudgment remedy (PJR) allows a creditor to attach or encumber a debtor’s assets—including bank accounts, real estate, business property, and personal assets—at the outset of litigation, before a final judgment is entered. This statutory mechanism is intended to preserve the value of a creditor’s claim…
Maximizing Recovery in Connecticut Commercial Foreclosures by Leveraging Underutilized Collection Strategies
Introduction In Connecticut’s complex judicial foreclosure landscape, where prolonged timelines and judicial discretion can delay resolution, commercial mortgage lenders face increasing challenges in securing timely recoveries. While traditional foreclosure proceedings remain the foundation of commercial recovery in Connecticut, many lenders overlook powerful supplementary collection strategies that can significantly enhance recovery outcomes. This article explores ten…
Connecticut Civil Theft Claims: Understanding Conn. Gen. Stat. § 52-564 and Treble (Triple) Damages
Introduction Connecticut General Statutes § 52-564 provides a powerful civil remedy for victims of theft. Under this statute, anyone who steals property or knowingly receives and conceals stolen property is liable for three times the value of the stolen property. For example, if someone steals property worth $50,000, the court can order them to pay…
Merchant Cash Advance (MCA) and Connecticut
MCAs Are Not Loans and Not Subject To Usury Laws
Introduction Revenue-based financing, commonly called merchant cash advance (MCA), is often compared to and considered synonymous with traditional loans. This comparison is incorrect, however, both factually and legally. MCAs and loans are fundamentally different financial products in structure, principle and function. An MCA is a form of commercial financing, where an MCA financing company purchases…