Wednesday, December 28, 2011

Debt State Statutes in Louisiana

WAGE GARNISHMENT EXEMPTION: 75% of disposable weekly earnings, but not less than 30 times the federal minimum hourly wage



MAXIMUM INTEREST RATE: Legal: 9.75% Judgment: 9.75%



STATUTE OF LIMITATIONS ON ENFORCEMENT:



Open Account (credit cards): 3 years

Written Contract: 10 years

Promissory Notes: 5 years

Domestic Judgment: 10 years

Foreign Judgment: 10 years

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