SB 736 - Sifton, Scott
Modifies provisions relating to property exempt from attachment and execution in bankruptcy proceedings
Bill Details
Sponsor
Sifton, Scott
LR Number
3909S.01I
Title
SB 736
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2020
Committee
Current Status
Hearing Conducted S Government Reform Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 736 - This act changes the maximum value, adjusted annually for inflation, of certain items that are exempt from attachment and execution in bankruptcy proceedings, including household items, wedding rings and other jewelry, professional books or tools of trade, motor vehicles, mobile homes, and unmatured life insurance contracts.
Additionally, this act adds a person's interest in payments that he or she received due to a personal bodily injury claim to the list of property that can be exempt from attachment and execution. However, any sum due and legally owed to a health care provider under a right of subrogation for unpaid health care services shall not be exempt.
This act is identical to SCS/SB 135 (2019) and is similar to SB 732 (2018).
KATIE O'BRIEN