Did The Louisiana Legislature Increase The Homestead Exemption?

31 Jul Did The Louisiana Legislature Increase The Homestead Exemption?

In a recent article I reported on two proposals before the Louisiana Legislature to increase the homestead exemption: one bill would have increased the exemption to $100,000.00 while the second bill would have made the homestead exemption unlimited.

The bad news is that neither of these bills passed in its original form.

However, the Louisiana Legislature did approve an increase in the exemption from $25,000.00 to $35,000.00.

In addition, the exemption law now prohibits credit card lenders from selling a homestead to satisfy a credit card debt.

The bill was signed by Louisiana Governor Bobby Jindal on June 30, 2009 and became effective with his signature.

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I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

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