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Federal supplemental exemptions can be used in conjunction with your Louisiana exemptions and can be viewed here.
To find out how the exemptions apply in your specific situation you can schedule a free consultation with a local bankruptcy attorney.
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ASSET
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EXEMPTION DESCRIPTION
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LAW SECTION
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HOMESTEAD
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Property you occupy to $15,000; cannot exceed 160 acres on 1 tract,
or on 2 or more tracts if there’s a home on 1 tract and field, garden
or pasture on others (husband and wife may not double)
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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
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20:1
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INSURANCE
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Fraternal benefit society benefits
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22:558
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Group insurance policies or proceeds
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22:649
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Health, accident or disability proceeds or avails
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22:646
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Life insurance proceeds or avails; if policy issued within 9 months
of filing, exempt only to $35,000
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22:647
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MISC.
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Property of minor child
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13:3881A(3), Civil 223
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PENSIONS
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Gratuitous payments to employee or heirs whenever paid
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20:33(2)
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ERISA-qualified benefits if contributions made over 1 year before
filing for bankruptcy
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13:388D(1), 20:33(4)
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PERSONAL PROPERTY
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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
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13:3881A(4)
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Cemetery plot, monuments
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8:313
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Engagement and wedding rings to $5,000
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13:3881A(5)
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PUBLIC BENEFITS
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Aid to blind, aged disabled , AFDC
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46:111
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Crime victims’ compensation
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46:1811
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Unemployment compensation
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23:1693
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Workers’ compensation
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23:1205
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TOOLS OF TRADE
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Tools, instrument, books, pickup truck (maximum 3 tons) non-luxury
auto and trailer, needed to work
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13:3881A(2)
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WAGES
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Minimum 75% of earned but unpaid wages; bankruptcy judge may
authorize more for low-income debtor
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13:3881A(1)
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More Information on Louisiana Bankruptcy Law
If you have a specific question about exemptions related to your situation you can schedule a free consultation with a local bankruptcy attorney.
You may also want to visit your federal bankruptcy
court
web site:
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