Alabama Homestead and Personal Property Exemptions Increased

Baker Donelson
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On June 11, 2016, Governor Bentley (Alabama) signed into law ACT No. 2015-484 which became effective that same day. The law increases the personal property exemption available to individual debtors and surviving spouses to $7,500 and the homestead exemption to $15,000. These amounts will be adjusted every three years to reflect the change in the consumer price index.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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