HB318 - An Act To Amend Title 10 And Title 19 Of The Delaware Code Relating To Exemptions In Bankruptcy And Debt Proceedings.
Delaware - 152nd General Assembly
Introduced byPaul S. Baumbach, David P. Sokola, Larry D. Lambert
Last updated about 2 months ago
9 Co-Sponsors
This Act increases the exemption in bankruptcy and other debt proceedings for a debtors personal residence from $125,000 to $200,000. The exemption has been limited to $125,000 since 2012 while home prices have increased dramatically in the intervening years. It also increases the exemption for tools of the trade and for a vehicle to $25,000 from $15,000.
STATUS
Passed
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