2007 House Bill 4835

Revise bankruptcy seized property exemptions

Introduced in the House

May 24, 2007

Introduced by Rep. Bob Constan (D-16)

To “reset” the dollar amounts in the law that exempts certain types of specified property from seizure and sale because of bankruptcy or unpaid debts. The law already requires the dollar amounts to be indexed to indexed to inflation every three years; the next scheduled indexing is in March, 2008.

Referred to the Committee on Judiciary