Showing posts with label Debt State Statutes in Louisiana. Show all posts
Showing posts with label Debt State Statutes in Louisiana. Show all posts

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