2005 House Bill 5031

Revise bankruptcy property seizure exemptions

Introduced in the House

June 30, 2005

Introduced by Rep. Alexander Lipsey (D-60)

To update the law that exempts certain types of specified property from seizure and sale because of bankruptcy or unpaid debts. The bill updates an existing law to reflect modern standards and values. It indexes to inflation the specified dollar value limits of certain exempt property.

Referred to the Committee on Judiciary