Backers of an initiative to make changes in bankruptcy and other laws turned in about 472,000 signatures Thursday to put a series of changes in state law on the November ballot.
The measure, if approved, would increase the amount of equity someone could have in a home to keep it from being seized in bankruptcy to $400,000, up from $250,000. And it would mandate annual cost-of-living increases in that figure rather than having to wait for state lawmakers to marshal the votes for future changes.
Current law also allows individuals to keep up to $6,000 in household furniture, appliances and consumer electronics. That would increase to $15,000, also with inflation adjustments.
