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Proposal would exempt more equity from creditors  Omaha World Herald , January 31, 2007 by Martha Stoddard

LINCOLN - The Nebraska Legislature took a step today toward protecting more homeowners from being forced onto the street to pay off their debts. By a vote of 27-9, lawmakers gave first-round approval to Legislative Bill 237, which would exempt $60,000 of a home's value from being seized to pay off a homeowner's medical bills, credit cards and other debts in bankruptcy proceedings. Current state law exempts only $12,500 of a home's value. That means that a person with more than that much equity could be forced to sell the home and use any proceeds above $12,500 to pay off creditors. .........more

Community Voices

Letters are in a PDF format

Letter from Omaha City Councilmember Jim Suttle ( March 8, 2007 )
Letter from Edward "Babe" Gomez Heritage Elementary School Principle Mary Morrissey  ( March 23, 2007 )
Letter from Missouri Supreme Court Judge Rick Teitleman ( March 29, 2007 )