Home » Debt Relief » Bankruptcy » Louisiana Bankruptcy

Louisiana Bankruptcy

Exemption Court
Louisiana Bankruptcy Exemption
Homestead:
The maximum amount of exemption is up to $ 25,000 (200 acres if not in city and 5 acres if in the city).

Wages:
The greater among the two i.e., 75 % of the disposable earnings or 30 times the federal minimum hourly wage.

Motor Vehicle:
Up to the extent of $ 7,500 for the automobile for carrying on trade or profession or to travel to and from employment.

Firearm:
$ 500 for one fire arm.

Engagement and Wedding Rings:
Wedding rings and engagement ring of up to $ 5,000.

Total or Absolute Exemptions for:
  • Duly Prescribed Health Aids.
  • Specific Partnership Property.
  • Proceeds from Life Insurance Policies.
  • Fraternal Benefit Society Benefit.
  • Benefits Arising out of Annuity Contracts.
  • Workmen's & Unemployment Compensation Benefits.
  • Police and Firemen's Pension Benefits.
  • State Employees and Teacher's Retirement Benefits.
  • Public Assistance Benefits.
  • Crime Victims Reparation Awards.
  • No-fault Insurance Benefits.
  • Polices of Group Life Insurance and Health Insurances.

Latest Articles

Popular Articles

Latest from OVLG Blog

Page generated in 0.18 seconds