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    Louisiana

    In general, a debtor may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding.

    The Constitution of Louisiana permits a judgment debtor to claim homestead exemption up to an amount of $25,000. (Louisiana Constitution Article 12, Sec. 9.) Homestead may consist of rural or urban land, not exceeding 200 acres, buildings and appurtenances. (R.S. 20:1)
    Personal property which may be exempt from levy or sale upon execution, writ of attachment or any process issuing out of any court in the State of Louisiana may include:

    certain property necessary to exercise a trade, calling or profession by which the debtor earns his livelihood;
    clothing and certain prescribed household items, musical instruments, domestic stocks, household pets, and
    wedding or engagement rings with a value not to exceed $5,000; and
    pensions, proceeds of and payments under annuity policies or plans,
    individual retirement accounts,
    all Keogh plans,
    all simplified employee pension plans and
    all other plans qualified under Sections 401 or 408 of the Internal Revenue Code.
    www.BankruptcyForum.com

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