Bankruptcy    Information
Thank You For Visiting Free Bankruptcy Information

Louisiana Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Louisiana exemptions and can be viewed here.

In Louisiana, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Louisiana bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

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)

 

20:1

 

Spouse or child of deceased owner may claim homestead exemption; spouse given home in divorce gets homestead

20:1

INSURANCE

Fraternal benefit society benefits

22:558

 

Group insurance policies or proceeds

22:649

 

Health, accident or disability proceeds or avails

22:646

 

Life insurance proceeds or avails; if policy issued within 9 months of filing, exempt only to $35,000

22:647

MISC.

Property of minor child

13:3881A(3), Civil 223

PENSIONS

Gratuitous payments to employee or heirs whenever paid

20:33(2)

 

ERISA-qualified benefits if contributions made over 1 year before filing for bankruptcy

13:388D(1), 20:33(4)

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

 

 

 

13:3881A(4)

 

Cemetery plot, monuments

8:313

 

Engagement and wedding rings to $5,000

13:3881A(5)

PUBLIC BENEFITS

Aid to blind, aged disabled , AFDC

46:111

 

Crime victims’ compensation

46:1811

 

Unemployment compensation

23:1693

 

Workers’ compensation

23:1205

TOOLS OF TRADE

Tools, instrument, books, pickup truck (maximum 3 tons) non-luxury auto and trailer, needed to work

13:3881A(2)

WAGES

Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtor

13:3881A(1)