SB 1111 - Current bankruptcy law provides for a homestead exemption provided the value of the homestead does not exceed $15,000. This act increases the value to $50,000.

KATIE O'BRIEN

Statutes affected:
Introduced (5561S.01): 513.475

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 1111
Sponsor: Washington
Hearing Date: 2/3/2026


COMMITTEE: Insurance and Banking

CHAIRMAN: Crawford

DATE REFERRED: 1/15/2026 DATE HEARING REQUESTED: 1/15/2026



STAFF:
Taylor Middleton
Barbara Mustoe
Scott Svagera


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Arnie C. AC Dienoff


WITNESSES AGAINST: