Louisiana Bankruptcy Exemptions

On this page you can find all of the exemptions for Louisiana. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead (must be occupied as homestead and title to property must be in debtor or spouse) (full value in case of catastrophic or terminal illness or injury
$35,000 (cannot exceed 5 acres if in city or 200 acres if not in city)
* La. Rev. Stat. Ann. § 20:1 Constitution Art 12, § 9
Motor Vehicle
Motor Vehicle
$7,500
La. Rev. Stat. Ann. § 13:3881(A)(7) & (8)
Wages / Wage Garnishment
Wages earned out of state
100% (applies only against out-of-state debts)
La. Rev. Stat. Ann. § 13:3951
Wages / Wage Garnishment
Disposable earnings (earnings less deductions required by law)
75% or 30 times the federal minimum hourly wage per week, WHICHEVER IS GREATER (50% for support claims)
La. Rev. Stat. Ann. § 13:3881(A)(1)
Insurance
Health & accident ins. proceeds
100%
La. Rev. Stat. Ann. § 22:1015
Insurance
Proceeds from property insurance received as a result of gubernatorially declared disaster to an exempt asset
100%
La. Rev. Stat. Ann. § 13:3881(A)(9)
Insurance
Proceeds of group life insurance policies
100%
La. Rev. Stat. Ann. § 22:944
Insurance
Annuity contract proceeds and avails
100%
La. Rev. Stat. Ann. § 22:912(B)
Insurance
Fraternal Benefit Society benefits
100%
La. Rev. Stat. Ann. § 22:298
Insurance
Proceeds and avails of life insurance policies
100%
La. Rev. Stat. Ann. § 22:912(A)
Personal Property
Cemetery property
100%
La. Rev. Stat. Ann. § 8:313
Personal Property
Wedding or engagement rings
$5,000
La. Rev. Stat. Ann. § 13:3881(A)(5)
Personal Property
Family portraits, arms and military accoutrements, musical instruments of debtor and family, and poultry, fowl and 1 cow kept for family use, and all dogs, cats and other household pets
100%
La. Rev. Stat. Ann. § 13:3881(A)(4)
Personal Property
Clothing, bedding linen, chinaware, non- sterling silverware, glassware, living room, bedroom and dining room furniture, cooking stove, heating and cooling equipment, kitchen utensils, pressing irons, washers, dryers, - refrigerators, deep freezers (electric or otherwise) 1 noncommercial sewing machine, required therapy equipment, used by debtor or his family
100%
La. Rev. Stat. Ann. § 13:3881(A)(4)
Pensions / Retirement Accounts
City of Monroe electrical workers’ pension & relief fund
100%
La. Rev. Stat. Ann. § 11:3800
Pensions / Retirement Accounts
Parochial employees retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1905
Pensions / Retirement Accounts
Assessors' retirement fund benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1403
Pensions / Retirement Accounts
City of Monroe bus drivers’ pension & relief fund
100%
La. Rev. Stat. Ann. § 11:3770
Pensions / Retirement Accounts
Registrars of voters employees retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:2033
Pensions / Retirement Accounts
Pensions, annuity payments, individual retirement accounts and other retirement plans that qualify under the I.R.C., including Roth IRAs
100% of tax-exempt amounts
La. Rev. Stat. Ann. § 13-3881(D)
Pensions / Retirement Accounts
City of Alexandria employees' retirement system benefits
100%
La. Rev. Stat. Ann.§ 11:3014
Pensions / Retirement Accounts
State employees retirement system benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:405
Pensions / Retirement Accounts
Gratuitous payments made by employers to employees or former employers or their survivors
100%
La. Rev. Stat. Ann. § 20:33(2)
Pensions / Retirement Accounts
Teachers retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:704
Pensions / Retirement Accounts
Pensions, annuities & tax-exempt contributions to retirement plans qualified under I.R.C. if made more than 1 year prior to filing of case
100% (support claims excepted)
La. Rev. Stat. Ann. § 20:33(1)
Pensions / Retirement Accounts
Orleans Parish school employees' retirement system benefits
100%
La. Rev. Stat. Ann. § 11:951.3
Pensions / Retirement Accounts
Louisiana State University retirement system benefits
100% (except as provided in La. Rev. Stat. Ann. §11:292)
La. Rev. Stat. Ann. § 11:952.3
Pensions / Retirement Accounts
School employees retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1003
Pensions / Retirement Accounts
Judicial retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1378 & 11:570
Pensions / Retirement Accounts
Municipal employees retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1735
Pensions / Retirement Accounts
Firemen's relief and pension benefits
100% (except as provided in La. Rev. Stat. Ann. §11:292)
La. Rev. Stat. Ann. § 11:2263
Pensions / Retirement Accounts
Police pension and relief benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1331, 11:3513, 11:2228
Pensions / Retirement Accounts
District attorney's retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1583
Pensions / Retirement Accounts
City of New Orleans sewage and water board benefits
100%
La. Rev. Stat. Ann. § 11:3823
Pensions / Retirement Accounts
Sheriff's pension and relief fund benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:2182
Pensions / Retirement Accounts
Court clerks' retirement benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 11:1526
Tools of the Trade
Tools, instruments, books, one utility trailer, equity in one motor vehicle used in trade, calling or profession or to travel to and from employment, and one firearm
100% except $500 limit for firearm
La. Rev. Stat. Ann. § 13:3881(A)(2)
Public Benefits
Crime victims’ compensation
100%
La. Rev. Stat. Ann. § 46:1811
Public Benefits
Public assistance payments
100%
La. Rev. Stat. Ann. § 46:111
Public Benefits
Unemployment compensation benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 23:1693
Public Benefits
Workmen's compensation benefits
100% (except as provided in La. Rev. Stat. Ann. § 11:292)
La. Rev. Stat. Ann. § 23:1205
Public Benefits
Federal earned income tax credit
100% (except IRS liens & child support)
La. Rev. Stat. Ann. § 13:3881(A)(6)
Miscellaneous
Proceeds of involuntary sale of exempt property
100%
La. Rev. Stat. Ann. § 13:3881(B)(3)
Miscellaneous
Proceeds from Education Assistance Account established pursuant to R.S. 17:3095
100%
La. Rev. Stat. Ann. § 22.912(c)
Miscellaneous
Housing authority property
100%
La. Rev. Stat. Ann. § 40:405
Miscellaneous
Spendthrift trust proceeds
100% - excludes amounts contributed by or subject to voluntary alienation by beneficiary
La. Rev. Stat. Ann. § 9:2004
Miscellaneous
Income from total property and rights of usufruct of estates of minor children
100%
La. Rev. Stat. Ann. § 13:3881(A)(3)
Miscellaneous
Public School property
100%
La. Rev. Stat. Ann. § 20:31

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