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DE SB32
Bill
Status
Passed
5/19/2016
Primary Sponsor
Karen Peterson
Click for details
AI Summary
- Removes the 2012 expiration date on homestead exemptions in federal bankruptcy and state insolvency proceedings, making the $125,000 exemption permanent
- Maintains the $125,000 equity exemption for real property or manufactured homes that serve as a debtor's principal residence
- Preserves the immediate $125,000 exemption for persons totally disabled from working or married couples where at least one spouse is 65 years or older
- Applies to individual debtors and their spouses who are domiciled in Delaware
Legislative Description
An Act To Amend Title 10 Of The Delaware Code Relating To Exemptions For Real Property In Federal Bankruptcy And State Insolvency Proceedings.
Last Action
Signed by Governor
5/19/2016
Committee Referrals
Judiciary3/24/2015
Judiciary1/29/2015
Full Bill Text
No bill text available