Louisiana Bankruptcy Exemptions
Homestead
20:1 - Up to $25,000, 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. Spouse or child of deceased owner, or spouse obtaining
home in divorce may also claim the exemption.
Personal Property
8:313 - Cemetery plot and monuments.
9:2004 - Spendthrift trusts.
13:3881 - Living room, dining room, and bedroom furniture; clothing;
chinaware, glassware, utensils, and silverware (but not sterling);
refrigerator, freezer, stove, washer and dryer; bedding and linens; family
portraits; musical instruments; heating and cooling equipment; pressing
irons and sewing machine; arms and military accoutrements; poultry,
household pets and 1 cow; engagement and wedding rings up to $5,000.
Wages
13:3881 - The greater of the following: 30 times the federal minimum hourly
wage per week or minimum 75% of disposable weekly earnings. Judge may
approve more for low income debtor.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
13:3881 - ERISA-qualified benefit contributions, if deposited more than 1
year before filing.
20:33 - Gratuitous payments to employee or heirs from employer, whenever
paid.
11.1003 - School employees
11.1378 - Judges
11.1403 - Assessors
11.1526 - Court clerks
11.1583 - District attorneys
11.1735 - Municipal employees
11.1905 - Parochial employees
11.2033 - Voting registrars
11.2182 - Sheriffs
11.2263 - Firefighters
11.3513 - Police officers
11.405 - State employees
11.704 - Teachers
11.952.3 - Louisiana University employees
Public Benefits
23:1205 - Workers' compensation.
23:1693 - Unemployment compensation.
13.3881 - Earned Income tax credit.
46:111 - Public assistance; Aid to blind, aged, and disabled.
46:1811 - Crime victims' compensation.
Tools of Trade
13:3881 - Tools, books, instruments, motor vehicle up to $7,500, and one
firearm up to $500 needed for work.
Insurance
22:558 - Fraternal benefit society benefits.
22:646 - Health, accident or disability proceeds.
22:647 - Life insurance proceeds up to $35,000 if policy was issued within 9
months of filing; annuity contract proceeds.
22:649 - Group insurance policies or proceeds:
Miscellaneous
13.3881 - Property of a minor child.