Paul Baumbach
- Democratic
Primary
This Act increases the exemption in bankruptcy and other debt proceedings for a debtor’s 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. This Act also exempts worker’s compensation awards under the laws of other states from attachment in bankruptcy or other proceedings in the same manner that a worker’s compensation award made under Delaware law is exempt. The Act takes effect on January 1, 2025.
Signed by Governor
Passed By House. Votes: 40 YES 1 ABSENT
Amendment SA 1 to HB 318 - Passed By Senate. Votes: 21 YES
Passed By Senate. Votes: 21 YES
Amendment SA 1 to HB 318 - Introduced and Placed With Bill
Reported Out of Committee (Judiciary) in Senate with 4 On Its Merits
Amendment HA 1 to HB 318 - Passed In House by Voice Vote
Passed By House. Votes: 37 YES 1 NOT VOTING 3 ABSENT
Reported Out of Committee (Judiciary) in House with 9 On Its Merits
Amendment HA 1 to HB 318 - Introduced and Placed With Bill
Not Worked in Committee
Introduced and Assigned to Judiciary Committee in House
| Bill Text Versions | Format |
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| Bill Text | PDF HTML |
| HA 1 to HB 318 | HTML PDF |
| SA 1 to HB 318 | HTML PDF |
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| No related documents. |
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