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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:
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