Louisiana Bankruptcy Exemptions
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FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Louisiana Revised Statutes Annotated unless otherwise noted. |
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ASSET |
EXEMPTION |
LAW PROVISION |
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HOMESTEAD
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Up to $35,000, but cannot exceed 5 acres if the residence in a municipality, or 200 acres if not located in a municipality. As to obligations arising directly as a result of a catastrophic or terminal illness or injury, exemption is the full value of the based on value one year before seizure
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20:1 |
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Spouse or child of deceased owner may claim homestead exemption; spouse given home in divorce gets homestead |
20:1 |
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INSURANCE |
Fraternal benefit society benefits |
22:558 |
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Group insurance policies or proceeds |
22:649 |
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Health, accident or disability proceeds or avails |
22:646 |
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Life insurance proceeds or avails; if policy issued within 9 months of filing, exempt only to $35,000 |
22:647 |
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MISCELLANEOUS |
Property of minor child |
13:3881A(3), Civil 223 |
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PENSIONS |
Gratuitous payments to employee or heirs whenever paid |
20:33(2) |
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ERISA-qualified benefits if contributions made over 1 year before filing for bankruptcy |
13:388D(1), 20:33(4) |
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PERSONAL PROPERTY |
Arms, military accouterments, bedding, linens and bedroom furniture, chinaware, glassware, utensils, silverware, (non-sterling), clothing, family portraits, musical instruments, heating and cooling equipment, living room and dining room furniture, poultry, fowl 1 cow, household pets, pressing irons, sewing machine, refrigerator, freezer, stove, washer and dryer to $5000; Motor Vehicle to $7,500; 1 firearm to $500 |
13:3881A(4) |
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Cemetery plot, monuments |
8:313 |
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Engagement and wedding rings to $5,000 |
13:3881A(5) |
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PUBLIC BENEFITS |
Aid to blind, aged disabled , AFDC |
46:111 |
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Crime victims’ compensation |
46:1811 |
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Unemployment compensation |
23:1693 |
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Workers’ compensation |
23:1205 |
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TOOLS OF TRADE |
Tools, instrument, books, pickup truck (maximum 3 tons) non-luxury auto and trailer, needed to work |
13:3881A(2) |
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WAGES |
Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtor |
13:3881A(1) |
Louisiana Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
| BANKRUPTCY COURTS |
NUMBER OF COPIES |
Eastern District
501 Magazine Street
New Orleans, LA 70130
Telephone: (504) 589-7878
|
contact clerks office |
Middle District
707 Florida Street, Rm. 119
Baton Rouge, LA 70801
Telephone: (504) 389-0211
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contact clerks office
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Western District
Shreveport Division
300 Fannin Street, Ste. 2201
Shreveport, LA 71101
Telephone: (318) 676-4267
Alexandria Division
300 Jackson Street
Alexandria, LA 71301
Telephone: (318) 473-7387
Lafayette-Opelousas Division
P.O. Box J 70571
250 S. Union, Rm. 205
Opelousas, LA 70570
Telephone: (318) 948-3451
|
contact clerks office
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