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Committee advances bill to raise homestead exemption for elderly and disabled debtors
House Ways and Means Education Committee · January 15, 2026
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Summary
House Bill 96 would raise the homestead exemption for elderly and disabled debtors emerging from bankruptcy to $56,400 to limit foreclosures; the committee approved the bill and staff confirmed the exemption applies to people 62 or older or those with a disability.
Representative Pringle introduced House Bill 96, saying it was drafted after consultations with bankruptcy lawyers and a bankruptcy judge to protect elderly and disabled homeowners who file for bankruptcy. "What this bill does, it raises and bankruptcy for senior…
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