Louisiana Laws on Wage Garnishments, Statute of Limitations on Debt and Bankruptcy Property Exemptions
WAGE GARNISHMENT EXEMPTION:  75% of disposable weekly earnings, but not less than 30 times the federal minimum hourly wage

MAXIMUM INTEREST RATE: Legal: 9.75%   Judgment: 9.75%


Open Account (credit cards):  3 years
Written Contract: 10 years
Promissory Notes: 5 years
Domestic Judgment: 10 years
Foreign Judgment: 10 years

BAD CHECK LAW DAMAGES:  Twice the check amount plus attorney's fees and court costs


Cannot use federal exemptions, but can claim the federal non-bankruptcy exemptions

The State of Louisiana has exempted the property and income below from seizure by the bankruptcy court to pay creditors:

Real Estate:  Real property used as a residence up to $15,000, not to exceed 160 acres [20:1]
Personal property:  Clothing, arms, bedding and linens, china, glassware and silverware, household furniture, stove, washer, dryer, refrigerator and freezer, sewing machine, family portraits, heating/cooling equipment, musical instruments, pets, poultry and one cow [13:3881A(4)]; wedding and engagement rings up to $5,000 [13:3881A(5)]; tools, books, instruments, pickup truck (up to three tons), non-luxury automobile, or utility trailer, amount needed for work [3:3881A(2)]; cemetery plot / monuments, unlimited amount [8:313]

Debt Statutes  > Louisiana
Insurance / Annuities:  Fraternal society benefits, unlimited amount [22:558]; group insurance policies or proceeds, unlimited amount [22:649]; health, accident or disability proceeds, unlimited amount [22:646]; life insurance proceeds, unlimited amount, but only $35,000 if policy was issued within nine months of filing bankruptcy [22:647]

Pensions / Retirement Plans:  Retirement benefits, unlimited amount if contribution was more than one year before filing bankruptcy [13:3881D(1)]; gratuitous payments to an employee or heir, unlimited amount [20:33(2)]
Public Benefits / Entitlements: Unemployment compensation, unlimited amount [23:1693]; crime victims compensation, unlimited amount [46:1811]; aid to aged, blind, disabled and families with dependent children, unlimited amount [46:111]; workers compensation, unlimited amount [23:1205]
Wages: 75% of earned but unpaid wages [13:3881A(1)(a)]
Miscellaneous:  Minor child's property, unlimited amount [13:3881A(3)]