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DE SB157

Bill

Official Source

Status

Passed

5/18/2010

Primary Sponsor

Gregory Lavelle

Click for details

Origin

Senate

145th General Assembly

AI Summary

  • Increases the homestead exemption amount in Delaware bankruptcy proceedings from $50,000 to $125,000
  • Modifies § 4914(c)(1) and § 4914(d) of Chapter 49, Delaware Code
  • Protects up to $125,000 of a debtor's equity in their principal residential home during bankruptcy proceedings
  • Aligns Delaware law with federal bankruptcy protections for homeowners

Legislative Description

An Act To Amend Title 10 Of The Delaware Code Relating To Residential Homes And Exemptions.

Last Action

Signed by Governor

5/18/2010

Committee Referrals

Economic Development/Banking/Insurance/Commerce3/25/2010
Banking6/16/2009

Full Bill Text

No bill text available