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.
Latest posts by Eric Pruitt (see all)
- Alabama Homestead and Personal Property Exemptions Increased - June 26, 2015
- Interactive Foreclosure Map Now Available Online - August 4, 2014
- Commercial Real Estate Finance Council 2013 Annual Meeting – Servicers Forum - June 10, 2013