Louisiana Bankruptcy Laws

Key Points

Louisiana being an “opt out” state requires its debtors to use state exemptions. In other words, you wouldn't be allowed to use the federal bankruptcy exemptions.
The married couples filing bankruptcy in Louisiana have got the right to claim double the exemption amounts.

Homestead

You're exempt up to 35,000 dollars in terms of the equity present in the home you live in as well as the land on which it sits. At the same time, the Louisiana homestead exemption is limited to 5 acres if it's located in a town or city, or else up to 200 acres if not located in a town or city.

Most importantly, spouses aren't allowed to double the homestead exemption.

Another factor remains that if such a situation arises wherein it's a direct result of a terminal or catastrophic illness, then in that case you might be exempt for the full value of the home. This would be based on the home value 1 year prior to filing bankruptcy.

Motor Vehicles

You're exempt for up to 7,500 dollars of equity in 1 motor vehicle used by you and your family. This is based on the NADA value.

You could also be exempt for up to 7,500 dollars of equity in 1 motor vehicle that's modified or fitted to assist you or a family member who has got physical disability.

Wages

75 percent of your disposable earnings or 30 times the federal minimum wage stands exempt, depending on which is greater.

Personal Property

Household goods, furnishings, clothing, appliances, family portraits, arms, military accouterments, musical instruments, poultry, fowl, dogs, cats, 1 cow, other household pets, as well as wedding or engagement rings up to 5,000 dollars in value.

The money received from the Federal Earned Income Tax Credit is exempt.

Tools of the Trade

Instruments, tools, books, 1 utility trailer, 1 firearm with a value up to 500 dollars is exempt.

Insurance Benefits

The insurance proceeds for exempt property that's damaged by a natural disaster.

Eastern District of Louisiana

New Orleans

Street Address:

United States Bankruptcy Court

Hale Boggs Federal Building

500 Poydras Street, Suite B-601

New Orleans, Louisiana 70130

Mailing Address:

Same as Street Address.

Contact Number:

504-589-7878

Working Hours:
Monday through Friday

8:30 AM to 4:30 PM

Excluding Federal Holidays

Middle District of Louisiana

Baton Rouge

Street Address:

US Bankruptcy Court

Middle District of Louisiana

707 Florida Street

Room 119

Baton Rouge, Louisiana 70801

Mailing Address:

Same as Street Address.

Contact Number:

225-346-3333

Working Hours:
Monday through Friday

8:30 AM to 4:00 PM

Excluding Federal Holidays

Western District of Louisiana

Alexandria

Street Address:

US Courthouse

300 Jackson Street

Suite 116

Alexandria, Louisiana 71301-8357

Mailing Address:

Same as Street Address.

Contact Number:

318-446-1890

866-356-5221 (Toll Free)

Working Hours:
Monday through Friday

8:00 AM to 5:00 PM

Excluding Federal Holidays

Lake Charles

Street Address:

US Courthouse

611 Broad Street

1st Floor

Lake Charles, Louisiana

Mailing Address:

US Courthouse

214 Jefferson Street

Suite 100

Lafayette, Louisiana 70501-7050

Contact Number:

Same as Lafayette Office.

Working Hours:
Same as Lafayette Office.

Monroe

Street Address:

US Courthouse

201 Jackson Street

Monroe, Louisiana

Mailing Address:

Same as Shreveport and Alexandria.

Contact Number:

For Chapters 7, 11 and 12 call the Shreveport number.

For Chapter 13 information, call the Alexandria number.

Working Hours:
Same as Shreveport and Alexandria office.

Lafayette

Street Address:

US Courthouse

214 Jefferson Street

Suite 100

Lafayette, Louisiana 70501-7050

Mailing Address:

Same as Street Address.

Contact Number:

337-262-6800

866-789-6015 (Toll Free)

Working Hours:
Monday through Friday

8:00 AM to 5:00 PM

Excluding Federal Holidays

Shreveport

Street Address:

US Courthouse

300 Fannin Street

Suite 2201

Shreveport, Louisiana 71101-3141

Mailing Address:

Same as Street Address.

Contact Number:

318-676-4267

866-721-2105 (Toll Free)

Working Hours:
Monday through Friday

8:00 AM to 5:00 PM

Excluding Federal Holidays

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