Louisiana Bankruptcy Exemptions

Louisiana is typically an opt-out state, so most filers use **Louisiana**-specific exemptions in bankruptcy. Certain federal protections (like Social Security or ERISA-qualified pensions) can still apply. Below is a summary of common **Louisiana** exemptions, with references to relevant laws. Always confirm with a licensed attorney or the **Louisiana Revised Statutes**, as laws and interpretations can change.

Asset / Type of PropertyExemption DescriptionStatute / CodeNotes
HomesteadProperty you occupy, up to **\$35,000** in equity; cannot exceed **5 acres** in a city or **200 acres** outside a city. Surviving spouse or child of deceased owner can claim it; spouse awarded home in divorce also retains homestead.La. R.S. 20:1
Fraternal Benefit Society BenefitsFully exempt.La. R.S. 22:558
Group Insurance Policies / ProceedsFully exempt.La. R.S. 22:649
Health, Accident, Disability ProceedsFully exempt.La. R.S. 22:646
Life Insurance Proceeds / AvailsIf policy issued within 9 months of bankruptcy, only up to **\$35,000** exempt. Otherwise fully exempt if beneficiary is someone other than insured, or if policy has an anti-creditor clause.La. R.S. 22:647, 22:646, 22:55822:647 includes the 9-month limit.
Property of Minor ChildExempt from claims against parents in some cases.La. C.C. 223; La. R.S. 13:3881(A)(3)
Gratuitous Payments to Employee or HeirsExempt whenever paid.La. R.S. 20:33(2)
ERISA-Qualified BenefitsExempt if contributions made at least 1 year before bankruptcy.La. R.S. 13:388D(1), 20:33(4)
Household Items (Arms, Military Accouterments, Bedding, etc.)Covers a broad range of household necessities: linens, furniture, utensils, clothing, family portraits, musical instruments, fridge, freezer, stove, washer/dryer, 1 cow, household pets, etc.La. R.S. 13:3881(A)(4)
Cemetery Plot, MonumentsFully exempt.La. R.S. 8:313
Engagement & Wedding RingsUp to \$5,000 total value.La. R.S. 13:3881(A)(5)
Aid to Blind, Aged, Disabled, AFDCFully exempt.La. R.S. 46:111
Crime Victims’ CompensationFully exempt.La. R.S. 46:1811
Unemployment CompensationFully exempt.La. R.S. 23:1693
Workers’ CompensationFully exempt.La. R.S. 23:1205
Tools, Instruments, Books, Pickup Truck (max 3 tons), Non-Luxury Car, TrailerExempt if **needed** for your occupation.La. R.S. 13:3881(A)(2)
WagesMinimum 75% of earned but unpaid wages exempt; judge may allow more if low-income debtor.La. R.S. 13:3881(A)(1)
WildcardNone specified in Louisiana law.--

Disclaimer

This list is for general informational purposes only and may not reflect current legislative updates or local court rulings. It does not constitute legal advice. Always consult a licensed Louisiana bankruptcy attorney to verify these exemption amounts and determine applicability to your specific situation.