The Governor has signed Act 2026-203, effective June 1, 2026, which triples the homestead exemption for individuals aged 62 and older or those deemed disabled. This change impacts seniors and disabled individuals, providing them with greater protection against loss of their primary residence in bankruptcy proceedings. The bill also clarifies the petition date as the benchmark for determining exemptions for bankruptcy debtors, ensuring a more accurate assessment of their assets.
Source: ALSB District | Date: Friday, March 6, 2026
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Call Attorney David Clark’s office today at 334-749-3800 to schedule your free consultation to discuss your financial situation, debt, or bankruptcy options.