Nebraska State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain types of your property from your creditors when you file bankruptcy-such as your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other important property. Nebraska law provides a number of exemptions that protect your property, and your Nebraska TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$60,000 if used as family residence.
Wages
15 percent as head of household; maximum of 25 percent available if not head of household.
Automobiles
$2,400 if used in principal trade or business or to commute to and from principal place of trade or business.
Other Property
$2,500 in any personal property; 100 percent of debtor's interest, not to exceed $1,500, household possessions; up to $2,400 in implements, tools, or professional books or supplies held for use in a principal trade or business, which may include one motor vehicle (see above); and 100 percent of the debtor's interest in any professionally prescribed health aids.
» Read the complete Nebraska bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.