Bill Text: DE SB157 | 2009-2010 | 145th General Assembly | Draft

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

Spectrum: Slight Partisan Bill (Republican 5-3)

Status: (Passed) 2010-05-18 - Signed by Governor [SB157 Detail]

Download: Delaware-2009-SB157-Draft.html

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SPONSOR:	Sen. Peterson & Reps. Ramone Keeley Oberle & Lavelle
	Rep. Manolakos & Sen. Bonini, McDowell

DELAWARE STATE SENATE

145th GENERAL ASSEMBLY

SENATE BILL NO. 157

AN ACT TO AMEND TITLE 10 OF THE DELAWARE CODE RELATING TO RESIDENTIAL HOMES AND EXEMPTIONS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1.Amend §4914(c)(1) and §4914(d), Chapter 49, Delaware Code by striking the amount "$50,000" as it appears at each location therein and substituting in lieu thereof the amount "$125,000".

SYNOPSIS

Consistent with federal law, this bill protects up to $125,000 of a debtor's equity in their principal residential home in a bankruptcy proceeding-

Author:Senator Peterson