Louisiana Bankruptcy Exemptions - All Categories

 

A detailed listing of state and federal exemption laws, with statutory citations.

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Louisiana Exemptions Summary:

Homestead

Property you occupy to $35,000 (if debt is result of catastrophic or terminal illness or injury, limit is full value of property as of 1 year before filing); cannot exceed 5 acres in city or town, 200 acres elsewhere (husband & wife may not double)

Vehicle Exemption

$7,500
$7,500 of equity in a motor vehicle modified for disability

Personal Property

Arms, military accoutrements; bedding; dishes, glassware, utensils, silverware (nonsterling); clothing, family portraits, musical instruments; bedroom, living room, & dining room furniture; poultry, 1 cow, household pets; heating & cooling equipment, refrigerator, freezer, stove, washer & dryer, iron, sewing machine
Engagement & wedding rings to $5,000

Wild Card

None


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Jurisdictional relevance: ST

There are versions of this article for each State.