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Home > Consumer Laws > Bankruptcy > Nebraska Bankruptcy

Nebraska Bankruptcy

Nebraska Bankruptcy Exemption
Homestead:
Principle place of residence of the debtor up to the extent of $ 12,500 which will be same amount for sale proceed up to 6 months after sale.

Wages:
75 % (or 85 % for the head of the family or 30 times) the federal minimum hourly wage per week whichever is greater.

Personal Property:
Personal property of the debtor excluding the up to the extent of $ 12,500.

Disabled Veteran's Property:
Property of disabled veterans purchased or improved with improved with pension money.

Household goods:
Household furniture, Regular usage tools, Computers, Books, or Musical instruments or tools and implements of similar nature.

Professional Tools and Implements:
Professional books, tools or instruments required for carrying on trade and profession up to the extent of $ 2,400.

Annuity Contract:
Annuity contract benefit is exempted up to the extent of $ 10,000.

Total or Absolute Exemptions for:
  • Professionally prescribed health aids of debtor or his/her dependents.
  • Disabled or blind assistance payments.
  • Unemployment and workmen's compensation benefits.
  • Benefits of accident or health insurance policies.
  • Fraternal insurance benefits benefit.

 
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