Louisiana Bankruptcy Information: the Homestead Exemption
Can you file for bankruptcy in Louisiana and keep your home? Federal exemptions are not available in Louisiana so LA bankruptcy laws will govern. Louisiana bankruptcy laws currently allow debtors to protect up to $25,000 of equity in their home provided the property does not exceed 5 acres in a city or 200 acres in a rural area. A husband and wife filing jointly cannot double the exemption. Louisiana bankruptcy laws can be complex, if you have questions consult an attorney.
Please note that a recent move may impact what exemption laws apply to your bankruptcy case. If you have moved within the last two years or are considering moving please read: A recent move may impact your ability to protect property in bankruptcy.
Need more information on the operation of homestead exemptions? See: What Is a Homestead Exemption? Can Creditors Take My Home?
See also: What Is the Rule With Homes and Bankruptcy?
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