HB 1471 Homestead and other exemptions; exemption of real or personal property.
Mark L. Cole (by request) | all patrons    ...    notes
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Summary as introduced:
Homestead and other exemptions.  Raises the homestead exemption from real or personal property not exceeding $5,000 in value to personal property not exceeding $5,000 in value and real property not exceeding $25,000 in value. The bill also adds certain specific items of personal property to the list of what a debtor may hold exempt from creditor process and increases from $2,000 to $7,500 the value of an automobile that may be held as exempt. The bill also provides that the amount of certain exemptions shall be adjusted for inflation every three years. The bill also provides that a debtor may elect between the exemptions permitted under federal bankruptcy law and Title 34. Current law does not allow a debtor to elect the bankruptcy exemptions. This bill has been incorporated into HB 1422.

Full text:
12/07/10  House: Prefiled and ordered printed; offered 01/12/11 11101158D  pdf

Status:
12/07/10  House: Prefiled and ordered printed; offered 01/12/11 11101158D
12/07/10  House: Referred to Committee for Courts of Justice
01/10/11  House: Assigned Courts sub: #2 Civil
01/19/11  House: Subcommittee recommends incorporating (HB1422-Albo) by voice vote
01/31/11  House: Incorporated by Courts of Justice (HB1422-Albo) by voice vote